There was a very clear flush down from $ETH and $BTC last night which is not always a bad sign, it could be an organised whale controlling the decline in other to buy back lower in a larger amount and catch a lot of supply.
We can see clearly that this was a retest of the breakout level and the 200 MA on the 1hr chart and recovered almost immediately
I suspect it was a liquidity raid.
Another retest is still possible but once it holds above the breakout level, I expect our Wave 5 and +$4000 level to hit this year.
TommyJR
2024-12-06 15:40:52 +0000 UTC