BitcoinUpdated ETH Bearish S/R Flip...Will Bitcoin Follow?
I believe that ETH is giving us an early warning to what is about to happen to the crypto market. I believe the bearish S/R flip on ETH combined with the INSANE level of ETH longs open on finex points to this entire period being a consolidation before further downside. I could be wrong of course and I am very aware of the possibility of stop hunt wicks to the upside...that being said my overall bias is bearish ...I would strongly suggest not trying to trade breakouts/breakdowns at this time..get your positions in BEFORE the move. If you are bull bias buy support, don't fomo the top. If you are bearish dont wait for the breakdown to occur,,,short at resistance (which is where we are right now). Good luck fellas
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.