Short on ETH
The week has been so rough with bitcoin going at a bottom of $17000 followed altcoins and Ethereum also respected bitcoins massive move
and had a bottom at 880..The bulls quickly came into action and are trying to push the overall market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this being said, ETH formed a bearish flag chart pattern on the 1 H TF.
This chart pattern indicates that there shall be a massive breakdown to the support level from the previously formed resistance.
A short trade has been placed.....with an entry of price and a take profit set...
I am not a financial advisor.
and had a bottom at 880..The bulls quickly came into action and are trying to push the overall market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this being said, ETH formed a bearish flag chart pattern on the 1 H TF.
This chart pattern indicates that there shall be a massive breakdown to the support level from the previously formed resistance.
A short trade has been placed.....with an entry of price and a take profit set...
I am not a financial advisor.
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