Hi All,
From my perspective, ETH looks like its forming a rising wedge pattern (on the 12hr) that is aligning perfectly for a double top scenario around $2k where I'll be looking to add more to my shorts.
This is in confluence with declining volume, as well, a re-test I'm waiting for on the RSI.
I DO like to mix TA with FA, and to me global macro looks horrendous. I think more shorts are going to get squeezed to the upper 2k level then its lights out. CZ can only print so much BUSD, right? LOL .
Stop Loss set at $2100.
From my perspective, ETH looks like its forming a rising wedge pattern (on the 12hr) that is aligning perfectly for a double top scenario around $2k where I'll be looking to add more to my shorts.
This is in confluence with declining volume, as well, a re-test I'm waiting for on the RSI.
I DO like to mix TA with FA, and to me global macro looks horrendous. I think more shorts are going to get squeezed to the upper 2k level then its lights out. CZ can only print so much BUSD, right? LOL .
Stop Loss set at $2100.
Note
This is going, so far, how I'd hope. Green boxes are areas I'm looking to DCA my shorts. BOLNote
Just as I thought, short squeeze giga candle! First short entry $2100! Note
LLLFFFGGG! Only my 1st TP hit at 
2116, but i had decent size on it. Printing now, will monitor for now. Note
Sorry, meant short entry at 2116Note
Added to my shorts at 
2086 , avg entry 2108.SL: 2110
Take Profit interested Area 1968-1990
Note
Closed this at 1987
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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.