Overall we are looking very bearish, the whole market is talking about the worst and we have everyone getting to the point of walking away. I am ready for this cycle to end and have my shorts and bags ready to buy when the accelerated selling happens. Order of sells (strong support levels) Look for bounces: 7200 6600 6000 5600 Final bounces 4900 4300 If it...
We need to see BTC break out of this until then I would like to see on more test to the red circle. If we break out of the 9200-9400 range we will most certainly test the upper triangle levels. If we retest the support line at the red circle and break it we will see 4-5k again. I am prepared for both situations. Happy trading - Dont get chopped
We are looking primed for some action here in the next 3 weeks!
We will be looking for ETH to continue trend, if this line is broken the support is thin. However we have the hardfork that I think will end up being bullish for ETH as well. Overall this chart is for watching the continuation and should be treated as a place holder for trades.
Overall we have no indication of an entry yet on ETH in this pair. The asymmetric triangle was broken, and is currently floating on a "artificial support" that is marked with the small orange line. However with this break of the last trend we expected ETH to plummet to previous support, and it did not happen. We suggest that watching at this current level is...
Waiting on up trend, however MM with clam is known to trap traders. We will wait for a confirmation on support or get in the home run zone that is below current support. Song of clam: www.youtube.com