ssari

ETH.BTC (Y20.P6.E1).Macro.More bearish still

BINANCE:ETHBTC   Ethereum / Bitcoin
Hi All,

As you can see, its broken a key support trend line .
It seems on the weekly we still have more downward pressure and in my opinion, the next level is here with a possible reversal.
As per my chart, I have the ABCDE spanning wedge confirmed and there are 2 levels...I think this is the next target.


Note the bearish signs on the weekly indicators...they all back each other.


On the 2 day, we are looking like having a bounce however short lived.
If you see a bullish candle, flip for the short term but short it at a key level.



Regards,
S.SAri

Comment: wasn't far off to the blue resistance line
Comment: That bullish div. gave it a bounce more than I expected. currently resistance area and it seems $740 for ethereum.
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Comments

Good one! Finally someone spoting the most logical bounce zone! I do agree current bounce should be short and go down to retest 0,021-0,022 levels.

thanks for the update!
Reply
premium info, appreciate it.
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Amazing job, so down then up?
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ssari TheSignalyst
@TheSignalyst, thanks. I see you dabble more with stocks than Crypto...Are you trading crypto at all or just looking at it.
The question I have, is stocks more volatile than crypto and which one would you think has much more gain in the volatility area?
+1 Reply
@ssari, nice question Ssari, I trade almost everything, every type for a different purpose. when it comes to Crypto it is as a long-term investment for my kids.

Stocks long-term investment for me.

and forex short-term trades.
Reply
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