EthereumLong
ETH/USD - Clearly Bullish... But when should we enter?
Crypto is clearly in a bullish HTF trend - but what does that mean for the immediate future and near term? How can we safely start entering a position without getting stuck at the top of a very long liquidity build downward?
Well, we have our algorithms which hold true on any chart - and utilizing these algorithms to identify what confirmations we had prior to the last breakout, we can look for similar PA to play out here.
Ultimately, we need to see the progression of controlled (tapered) selling into HTF demand zones in addition to breakouts of LTF stronger selling algorithms (as I identify as orange here and in the previous breakout).
Will keep you all posted with analysis of the crypto charts as price action develops!
Happy Trading!
Well, we have our algorithms which hold true on any chart - and utilizing these algorithms to identify what confirmations we had prior to the last breakout, we can look for similar PA to play out here.
Ultimately, we need to see the progression of controlled (tapered) selling into HTF demand zones in addition to breakouts of LTF stronger selling algorithms (as I identify as orange here and in the previous breakout).
Will keep you all posted with analysis of the crypto charts as price action develops!
Happy Trading!
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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.
Related publications
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.