Eth is currently under a heavy sell pressure and getting resistance from fib speed fan and also 0.5 fib level.
On 4 hrs the volume is also decreasing.
Expect a retrace back to the previous high
In this chart I have illustrated a possible scenario which can play out (at least that's what i think).
There is still a lot of sell off left .
1. Volume decreasing on daily
2. Price is below the weekly MA for the 5th week in a row
3. Unstable macro economic conditions
For all those who are saying the pi-cyle bottom flashed. I have only 1 question:
Did bitcoin...