Hi.
ETH had clear skies ahead, did not meet expectations. After making bearish swing failure pattern, along with breaking market structure on lower timeframes, this leads me to believe ETH is going for retest of lower support levels. I'm looking at 1145-1150 as a possible retest area, targeting the first trouble area at about 1350-1375. Make sure to move your stops accordingly as price goes up, don't be shy in taking profits.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/
Cheers
ETH had clear skies ahead, did not meet expectations. After making bearish swing failure pattern, along with breaking market structure on lower timeframes, this leads me to believe ETH is going for retest of lower support levels. I'm looking at 1145-1150 as a possible retest area, targeting the first trouble area at about 1350-1375. Make sure to move your stops accordingly as price goes up, don't be shy in taking profits.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/
Cheers
Comment:
Sadly did not get the opportunity to punt, it seems the eth bulls are stronger then i previously thought. ETh held like a champ while BTC bleed, which leeds me to believe that 1200 is hard floor for ETH. Looking for new opportunities.
Looking at possible short scalp if given the opportunity, looking for price to retrace to 1350 before next leg down.
*not investment advice*