This is an additional chart showing how the current bearish signals align with the potentially longer term bullish trend in Ethereum. I'll be watching closely but not shorting it personally. My goal is to look into buying opportunities at the very bottom of this decline to keep a long term position off exchange, similarly to $BTC. I am short $BTC though, since I keep a % of my crypto capital allocated in trading actively in and out of $BTC, both long and short while the bear market lasts.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Comment:
The fall resumes, looking forward to buying the bottom by August.
Comment:
The timing of the moves changed, market bottomed sooner, and topped sooner, but the target ranges were correctly estimated, based in BTCUSD price patterns.
Now we have an active 12 week decline, which I spotted thanks to @db3NYa5Vww, who's a student of mine:
s3.amazonaws.com/tra...shots/o/oM5KtnsW.png
This is looking really bad, I'd reccomend to stay in cash, or short...safer to be in cash. Strangely, lately people have gotten bullish, as we go lower, more and more bullish, I see this as a red flag.
Now we have an active 12 week decline, which I spotted thanks to @db3NYa5Vww, who's a student of mine:
s3.amazonaws.com/tra...shots/o/oM5KtnsW.png
This is looking really bad, I'd reccomend to stay in cash, or short...safer to be in cash. Strangely, lately people have gotten bullish, as we go lower, more and more bullish, I see this as a red flag.
Trade closed manually:
We went long ETH and BTC recently, the market has most likely bottomed. My clients received timely alerts, a while back. I'll make an up to date chart soon.
Comment:
'Massive support' held, $ETH had indeed bottomed.
