You guys should remember the last time $ETH was trading around these prices I was specifically looking for a sweep of the built up lows marked with the RED X's on the left side…
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You guys should remember the last time $ETH was trading around these prices I was specifically looking for a sweep of the built up lows marked with the RED X's on the left side of this chart. We neve…
You guys should remember the last time $ETH was trading around these prices I was specifically looking for a sweep of the built up lows marked with the RED X's on the left side of this chart. We never got the sweep- and instead got a massive short squeeze that propelled us higher. Now we seem to be coming back down to clean up those lows (along with our retest of the larger range lows). If this move was a completed impulse, with a clear, 5 wave impulsive move to the upside, we likely wouldn't have to have worried about those lows remaining untapped. But it wasn't and now here we are lol. This is why I am almost ALWAYS looking for a move to clean up loose ends like this before a major move- closing these inefficiencies before we move up gives us less of a reason to bleed back down to them later on. In any case, cleaning up all these lows now would lead us right into our range lows for a missing 3rd tap and a completed "base" formation- so that's what I am watching for now. Will discuss in more depth in the next Youtube video (which I am was waiting to put out in case of a move like this developing).
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