Most people saw yesterday’s big red candle and only focused on the drop. I, instead, watched the volume—those selling put in full force, yet the price didn’t break down. The Time Lord’s exact words were: “Effort on the supply side gets no result.”
Let me translate what he said: Volume came out, but the price didn’t keep up. He drew his limit at 73,000— the big green candle on August 21 is where it started running from.
Going back there doesn’t surprise him; even a fake-out is acceptable. His bottom line is firm: if it can’t be recovered within three days, then this whole view is invalid.
He hasn’t missed Ethereum either: around 2,350, there are people waiting to pick it up. So tell me—this jab is coming, or not? Drop your side in the comments.
#BTC #ETH
Let me translate what he said: Volume came out, but the price didn’t keep up. He drew his limit at 73,000— the big green candle on August 21 is where it started running from.
Going back there doesn’t surprise him; even a fake-out is acceptable. His bottom line is firm: if it can’t be recovered within three days, then this whole view is invalid.
He hasn’t missed Ethereum either: around 2,350, there are people waiting to pick it up. So tell me—this jab is coming, or not? Drop your side in the comments.
#BTC #ETH
