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a1mtarabichi
Jun 18, 2019 7:12 PM

M Top on $ETHUSD: potential selloff incoming 

Ether / United States DollarCoinbase

Description

Be wary of the M top coupled with the volume dump indicates that we were unable to break next resistance and market oversold + exhaust & recent developments with LIBRA (more on that later) have made market outlook && priceaction analysis a lot more foggy as the forecast seems to point towards a pullback before we see any sort of consolidation/reversal and continuity.

  • [B]Check link below for img [/B] take note of the spaces between // and other breaks in between link.

    • https:// forex-charts book. com/ chart_patterns/04/ double_top. png



    • Tried to edit it in but I guess we can’t publish sites. Check my twitter feed for img too.


    Personally i sold (check last chart) after we TP1 then went pretty much 75% in on this BNB BOOMwhile diversifying rest into some other stocks currencies & XAU GLD which is holding up as predicted)but more on that also smh when I get a chance.

    • Not enough hours in the day...

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After the shorts got done (not to be misconstrued as a selloff ; we are still bullish (LONG) this was simply shorts taking quick profits before almost certain continuity


We hit the $264.33 blue line; a reactionary pivot, ultimately passing the next support & crossing R1 (yellow line) before now wrestling with R2.

  • IF we are lucky TP $289.1


  • As that is the next major support & with volume slowdown its looking less like certain and more if a solid 50/50...



Set alerts and alarms for R1-R2
&& STOP @$254.27


There’s a very good chance we will drop down to blue line again and if we do there won’t any consolidation without further dumps.

Personally I’m just updating a position that reaped a lot of ROI for me this week — I stated before the BNB boom is where it’s at I hope you’ve made your entries (and didn’t FOMO) I’ll list that chart next.

  • Safe trading!

Comment

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Comment

‪It’s panned out exactly like I predicted and will continue to (IMHO) after all if was a forex signal for LONGEVITY And even though it’s been just about an even three months we all know that three months = dog years in crypto this is not wallst so this was def a LONG ETHUSD #ETHUSD

#EthereumNameServiceENS #ETHereum as Exactly 1 Q (3m est) later as Per 50D #MACD
‪He does it again!!

on track to continuation and a higher high is ON site !!

Disclaimer:
Not financial advise: please trade responsibly!
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