Hi Folks, still new to day trading and still getting the hang of TA. Looking at the 30Min chart for ETH, I am seeing a head and shoulders pattern off the ATH and it seems like a good opportunity to enter a short for the next 2-3 days. Can you share your comments and insights and let me know if I'm on the right track? Thanks!
It can be choppy. Watch the MACD crossovers on the 2 hour chart. Crypto follows the 2 hour patterns pretty much. You could break a positional BIG SHORT trade into a few waves, up, down, up, down. Also, Tom DeMark Number support/resistance lines are pretty useful for seeing the levels where mid-chart reversals or pullbacks happen.