16d • Mark's Market Analysis
ETH MMA Friday Nov 21st
ETH is great to trade but has no real use case similar to BTC (in my opinion) not shitting on ETH, just wondering where would the buyers come from? So, it has fallen alongside BTC but it is overall in a very High Time Frame range. So, it can keep falling, but it has left multiple untapped structure levels (first image, daily chart) so a squeeze is possible, and likely, I believe. The correlation with bitcoin should end at some point, will be checking charts later and posting what I figure then. For now, range bound, bottom forming, and no real bias (second image, hourly chart).
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ETH MMA Friday Nov 21st
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