Most on this thread think ETH is rebounding, but my charts look like the bottom could fall out any minute this weekend !
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nah, alts and eth will rallyMost on this thread think ETH is rebounding, but my charts look like the bottom could fall out any minute this weekend !
just look at the RSI for weak alts (eg cake, NOT, optimism, etc ) .. extremely oversold and and now going to the upside
still going. by nice rally (q1 and q2), correction, consolidation in q3, then blow off top in q4
CPI on Wednesday is very important. However, January CPI has been historically hot because of companies making yearly adjustments.
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If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
Warning: There is a January-effect in Wednesday's CPI report | investingLive
It might not be priced in
If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
if it's a bad, it'll just be a temporary blip ..bullish remainder of the yearCPI on Wednesday is very important. However, January CPI has been historically hot because of companies making yearly adjustments.
Warning: There is a January-effect in Wednesday's CPI report | investingLive
It might not be priced in
If it’s really bad, expect a bloodbath. It’s make or break. Fingers crossed
Well, bitcoin held up despite the bad cpi. Looks like we are oversold and buying should slowly resume
tomorrow's ppi is probably more important, as it's leading indicator of cpi. Meaning, a cool ppi reading tomorrow will signify a cool cpi in february.
From early Dec to early Feb, ETH pulled back about 39%. Bullish crypto traders would say that's normal. Normal in the last year of a bull cycle ? It's possible ETH topped out early in the first of week of December ? Are we in a premature Bear, or tail end of the Bull ? Talk amongst yourselves !
No one knows. But we are at the peak of a bull cycle and ETH is in the gutter.From early Dec to early Feb, ETH pulled back about 39%. Bullish crypto traders would say that's normal. Normal in the last year of a bull cycle ? It's possible ETH topped out early in the first of week of December ? Are we in a premature Bear, or tail end of the Bull ? Talk amongst yourselves !
we're not at peak..look at what CT was saying last cycle regarding eth/alts (attached)..same thing right now..and ETH just broke out of its desending triangle (4h, Binance)
World Liberty also bought 5 million worth of ETH yesterday..
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I just happened to be on Coinbase and Trading View after I posted about ETH and 2 large ETH buy orders came in and ETH shot up about 5%. Why buy when PPI order is coming out at 8:30am tomorrow ?
possibly, but world liberty did buy 5 million in eth last night before CPI
Bitcoin has been consolidating at a very narrow range. This usually means a breakout is imminent. Sometime in the next two weeks.
Do you promise ?
Did you know since 2009, the month of February has been a positive month 66.6% of the time ?