Waiting for a clean break either to the up or down side, more in favor of the downside.
until i see something bullish im staying away really not organic lot of leverage no real buying btc on the other hand looks actually pretty good
hashribbons about to signal a buy been a while since i used them but they are good to keep an eye on
I opened in green box major support 2 he and 4he bullish divergence bullish engulfing also 2 hr has reversal candle pattern am working so dont have much time but I thought I would share
took a pretty good hit yesterday lol nothing wrong with a 30% correction some pretty strong support around 3200 level if that breaks could head lower but until that level breaks this is what i would like to see
As of now there is many things holding ethereum up I have a few orders I recently closed but looking together in at the same prices illshow a screenshot of my orders but if a break below my orders happens we could see a much bigger correction but rightnow I highly doubt it will go much lower
Theres a clear support around 3200 and possibly a breakout of the pendant that has formed. I really interested to see what happens by friday if we can hold above 3100 there will around 450 million in short positions that will be wiped out. I personally think we could hit 4400 by the end of the week but we will see if I'm right or wrong. If you do decide to trade...
eth forming a broadening wedge witch usually breaks to the downside and eth dominance is dropping so if btc decides to correct could drag eth price down with it so i would keep an eye on that wedge formation if it breaks below my bottom line i would start looking at short opportunities. long term im very bullish on eth but i do believe we we need a correction...
divergences have kind of gone out the window lately but im leaning to the down side as of now but that could change
bearish divergence on btc 4hr and 15 min looks more bearish then eth but could drag it down with it also eth looking somewhat bearish will be keeping a close eye on this trade might move my target further if i feel it could go lower
as of now im personally not worried of the way things are going, ive been waiting for the fear and greed index to hit fear witch according to the crypto fear and greed its at a big support/resistance also if you know much about trading higher highs and higher lows is considered an upstrend witch hasnt been broken in my opinion were still in an uptrend were making...
if this happens eth should continue pumping as its trading up against btc and my target for the eth.d inverse head and shoulders pattern has yet to be hit
different areas im watching on current position would be nice if it played out
bearish divergence on 15min chart on resistance, shorting to nearest support. please like and share