BlackSheepEntries

BlackSheepEntries

Seeing multiple traders posting to enter a buy trade.I say the opposite and this is why. -4hr and Daily charts are in a downtrend -Rising wedge structure on 4hr chart - Resistance in the yellow zone twice, expecting a third time resisting this zone. -20,50 ma currently crossed showing possible dt but waiting for another cross due to the rising wedge structure...

BlackSheepEntries

Daily charts shows to be trending upwards making recent HH and HL. Daily has tested a zone of support. I dropped to my 1hr chart to find the market testing and proceeding to go above support zone. My stoch oscillator is currently OS. BIG engulfing green candle coming from zone. Waiting for my MACD to cross above signal to show momentum to the upside. 20ema...

BlackSheepEntries

Market has entered area of resistance plotted from the daily chart. Market on the 1hr has already entered that zone once and got pushed down. Market is currently in the area of resistance again, forming a possible double top. Currently my stoch oscillator is OB (this is the indicator I use for overbought and oversold situations), waiting for my MACD line to cross...

BlackSheepEntries

Daily chart still at an UT, what i used to confirm this was the 200EMA being below market, and the confirmation of new HH's and HL's being made. I made a zone of possible support from the 1959 to 1919 (on the daily chart) these 2 points served as major swing levels in my eyes. Once market has reached this zone i went to the 1hr chart to do my analysis. My analysis...

BlackSheepEntries

Ethereum is currently trading under the 200ema showing me reason #1 to sell, head and shoulder pattern present (reason 2) with engulfing candle shortly after the 2nd shoulder (reason3) , overall structure looks to be a symmetrical traingle (reason 4) MACD line crossed over signal line with histogram turning green to red showing me more confluence to a short...