Some thoughts on $ETH.X as we head into the weekly close. Two parts, with a look at both monthly and weekly patterns and prices. Part 1: COMMENTS ON THE MONTHLY: Big picture - wanted to see if there’s precedence of there being similar pullbacks in previous bull markets. And there was. A 60% pullback in 2017 down to the monthly 9ma before heading higher. So far this move lower is in line with what we've seen before without killing the bull market. Note a move below the monthly 9ma marked the beginning of the end of the 2017 bull market, and so becomes an easy signpost to look out for into August. $SPY $BTC.X
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