The Weekly & 5-Day TF's Do NOT Show a Deep Drop Here.

I think there are simply too many retail traders anticipating a deep drop here. I find it hard to believe the Composite Group(s) will give the retail traders a "gift" by pushing us down that deep. Even the indicators do not show a deep drop here; at least when looking at the 5-Day and Weekly Time Frames. It's still time to be loading up with Dollar Cost Averaging Technique on these little dips we are seeing in the 3h and 6h time frames in my opinion.

I'm going to have a look at ETHUSD next to post a video publication for it.

Happy Trading Everyone!

Stay Awesome!

David

Comment:

Daily TF:

Comment:

We could possibly have an Inverse Head & Shoulders in the works...  We will find out soon enough if my 0.382 at $7,182 (Mentioned in the video) is the actual low before reversal.

I adjusted the FIB's accordingly to the current "low" since the "low" has changed from $7,714.70 to the present $7,293.55