Bad news for ETH if it breaks down from this 12 hr triangle?
Updated
Strong support shuld come at 300 however 265 is not out of the question
Note
Went short on a limit buy under 395This one surprises me a little, while I haven't been bullish on the ETH USD or BTC pairs for a while, others seemed to be getting very confident in ETH. I had almsot been convinced. I think it should be a quick and solid bounce when from ETH when the market rallies next. Will be taking off the short at 344 and going long.
Trade closed: target reached
Bitmex hit 344 and my position was closed, 1/3 of my position was closed at 371.5 when the first level of my profit protection stops was triggered prior to the price falling to a low of 344.
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