ETH narrative unfolding. OP will follow now that sellers are exhausted.
We are at the mid range of a very important fib level. Chart below overlayed with time decayed price level heatmap, which indicates clusters of support. Each level will get strong bids imo. Max bid at $43k. Flip GETTEX:52K and we go straight to $55.6k.
Had long distribution period. Breakout of range and MA's are moving up.
The levels are derived by a scoring algo that counts tagged price levels.
MSFT is in the mid of a decade long range vs AAPL. It has the AI hype around it and GPT plugin marketplace launching soon. AAPL growth is slowing down. Sentiment among Apple marketplace developers is down too. MSFT is definitely the better bet in 2024.
ETH had a nice breakout through its range. The breakout resulted in the first Elliot impulse wave. Second wave would be confirmed if HL's are held.
I think BTC has to close above 42k to maintain strength. If we close below, things can get nasty.
Links strength relative to ETH and BTC is very strong. Price putting in HL in HTFs. HTF trend up.
Bitcoin is showing strength in HTF trends. Expecting price to grind up higher while OI getting flushed. If current level is lost, strong support at 36.4k where we have confluences of HTF EMA and horizontal support.