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SaucedUpAnt
Sep 11, 2021 11:30 AM

Big SHORT Double Top ETH Short

Ethereum / U.S. dollarBitstamp

Description

As wee seen a few days ago bitcoin and other cryptos dropped on Tuesday September 07, 2021 it took about 1 hour for all that hard work of a rally form 1700 for eth to drop from 4000-3000 for Eth. If you look at the weekly above you see a clear as day double top on the weekly timeframe now looking at previous data right the neckline target will be 1700 where we had that double bottom on the daily timeframe. when we get patterns whether bearish or bullish on higher timeframes its showing that its massive moves in the work. That's why analyzing on higher timeframes is very good your avoiding those from the lower timeframes where many people get REKT.

Comment

ETH is playing out exactly as my analysis did trust your analysis and it will take you a long way!
Comments
Thetality
the next few days it will either pump or dump. this could be a tripple bottom I think it will go up , there is a ton of market manipulation
SaucedUpAnt
@Thetality, There is a ton of manipulation you have to think cryptos can't keep going up because the brokers, exchanges will loose a lot of money if it does that. I believe eth will dump and bounce off that strong level of support where the short squeeze occurred 1700 on July 09,2021. however you have to look at btc because that's the leader of the pack
loadedcoal
yeah man, I noticed this a couple days ago as well ... obviously nothing is ever set in stone with crypto but to me this feels like a major signal to get out of eth and alts.
SaucedUpAnt
@loadedcoal, yes exactly there's nothing is set in stone with cryptos why you have to take profits along the way. I trade off of the pure facts of what market structure is showing me.
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