ETHUSD 4h: too bullish would profit to bears ...
Updated
Well, few days ago, I was thrilled at the perspective of buying ETHUSD in the coming pullback, that never came.
And now, despite the amazing run, we are left with a 3 waves to the upside from the low in a pretty bearish / neutral situation in 4h (middle of the river). Not so appealing.
So, no, I won't sell - check the related BTCUSD Idea below for an explanation of me charting the pullback for few days now - But I will certainly not buy now or lower if configuration is as it is, at least in 4h/1h timeframe.
What is your take?
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
And now, despite the amazing run, we are left with a 3 waves to the upside from the low in a pretty bearish / neutral situation in 4h (middle of the river). Not so appealing.
So, no, I won't sell - check the related BTCUSD Idea below for an explanation of me charting the pullback for few days now - But I will certainly not buy now or lower if configuration is as it is, at least in 4h/1h timeframe.
What is your take?
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Note
sequence in lower time frame ended, so green 3 is completed. Now, either green 4 in play or correction of all cycle. 3 waves to the upside from 358.40 is not bullish.
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