calster

Bear trap at fibo 50%. Are you prepared for this?

Short
calster Updated   
COINBASE:ETHUSD   Ethereum
There is a way to dance in the markets. Fibo 0.5 are a big deal. Retracements are necessary. They are healthy. ETH has been going up for almost 7h now in a row straight to fibo 0.5. To some this might be a bullish trend but actually it's not. Fibo 0.5 usually halt the moves we have to watch them they are like a dogma.
What if the eth sell starts on Fibo 50%? ETHUSDT
Trade closed manually:
Trade closed on break even. Reason: because 2 minor TP on 15min were reached and then eth moved all back up again. So we still can sell it higher which is pretty interesting or a major move up has already started again

Be patient. Patience pays. Greed kills.
Join the telegram in English at t.me/BankMathEng_bot
Portuguese at t.me/WiseBrazil and t.me/BankMathbot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.