ETHBTC Effective Short Trade Based on Inverted H&S and S&R
Here on ETH/BTC we can see that the inverted head and shoulders pattern already played out after the sudden bullish gains starting yesterday evening. Combining the fact that the sudden boost reached a hard point of resistance (S/R flip) I suggest a short position here for a trade set-up.
It is not common that the price keeps going upwards after such a strong unsustainable boost in the price. I expect a small correction first, where the bulls take time to collect some money for their second attempt of burning through that resistance. We can monetize this scenario by using a short set-up.
Longterm I am still bullish on ETH, so make sure you set a tight stop-loss. Short term, let's use this fantastic scalp opportunity.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
It is not common that the price keeps going upwards after such a strong unsustainable boost in the price. I expect a small correction first, where the bulls take time to collect some money for their second attempt of burning through that resistance. We can monetize this scenario by using a short set-up.
Longterm I am still bullish on ETH, so make sure you set a tight stop-loss. Short term, let's use this fantastic scalp opportunity.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Trade active
So far everything looks really good:We're getting at the point that it will be too late to enter the trade still. Let's see if the ETH bears can push through!
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
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.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
Disclaimer
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.