Ethereum / BitcoinShort
ETHBTC Correction - Short
Updated
ETHBTC showing bearish signs.
On 4hr time frame - Formation of a small double top expecting correction upto 0.618 levels of fib [on rt side - pink]
On 2hr time frame - Formation of head n shoulders pattern
RSI - showing bearish divergence
MACD - showing bearish signal
Expecting to touch the blue trend line, if it breaks that trend line then it could go further down.
On 4hr time frame - Formation of a small double top expecting correction upto 0.618 levels of fib [on rt side - pink]
On 2hr time frame - Formation of head n shoulders pattern
RSI - showing bearish divergence
MACD - showing bearish signal
Expecting to touch the blue trend line, if it breaks that trend line then it could go further down.
Trade closed: target reached
And that beautiful ETH drop happened. Hope it was a profitable ride for all you guys .
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