ETH never broke the old June low, recently. And this fresh wind of bullishness, may just be what it is. It could be labelrf a new wave 1 of a bull market. Being at the turn of market direction it should get retraced pretty deeply, second waves in this environment often approach 100% retrace. And we saw that already on 7/20 when it came within one dollar or so of the prior low. Two 1-2 sequences in a row? BTC still needs to put in a #5 wave of the diagonal, but it may not even break the lower trend line, and turn around quickly. I can't shake this feeling of fresh wind in the markets that @Eloquent has sniffed out too, with these setups.
Eloquent
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@unbeldi, i'm weary about this move. something just doesn't feel right about it
unbeldi
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@Eloquent, This move = this trade setup in the idea? Or manner of the market right now?
Eloquent
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@unbeldi, the whole market in general. intuitively i feel like something big is about to happen in the next few days. i am not entirely sure what, but i just can't shake this feeling
unbeldi
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@Eloquent, Well, I do think we are very close to the end, which ever way. I think the next 24 hours will bring more clarity.