I'm still SHORT ETHBTC I want .04 at least

POLONIEX:ETHBTC   Ethereum / Bitcoin
The chart for ETH just looks ugly to me. It looks like a double top and fundamentally I've been sketchy about ETH, and I like BTC way more right now. My stop indicators all triggered on my last 4 hour chart but I'm letting this short roll. Stop loss for me will be a move out of this flag to the upside @ about .075.

Price remains in an flag pattern within a falling wedge . I do think we break out of this to the upside eventually but I don't think this is it and a big capitulation move down is in the works before that. RSI has broken it's uptrend, usually an early indicator. DI- is flagging downward while DI+ has broken it's uptrend. ADX is under 20 and ready for a new trend.

I believe you're right. If I'm correctly drawing this downtrend channel and it continues to hold, it might well hit 0.043 in early October. Good luck on your short!
+2 Reply
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