ETH on 30m chart, breaking Ichimoku Cloud.
Wow, what a difference a day makes. On February 26, we're shooting for the moon. Shorts are covering and we hit $438. Then the next day around the same time, we're crashing south to $422 which is lower than were we originally started the previous day. White I thought BTC was over bought at $438, it still seems oversold at $426.
BTC still in hangover mode since last weekend's breakout. Short term downward bias, we're still higher than we were last Friday. Hoping to pick up some coins in the lower 400's for a short term gain. For now, I'm just on the sidelines waiting for a big move in either direction.
Since last runup, buy on dips has worked great. But last 2 days we've been in a chop zone. But if you're bored, buy in teens, sell any encroachment above 420... of course until the Zone is broken.
When I see a dip as dramatic as Linkedin, it raises an eyebrow. I like playing deadcat bounces and catching falling knives. I haven't investigated this but if there is a high short interest, I would suggest putting money into longing this for at least the 25% retrace.
Into March, we could see a correction to 1180 to 1190.
A bit overextended on upside short term (hourly traders).
Gonna be dragging along in a Zone.