Short ETH again? from 156 USD

With 4H chart, double top formed, second top volume is weak compare to the first one.

From 1H chart, triple top formed, and the volume reflect the strength of bulls.

How to trade?
suppose ETH will revisit the resistant line ~ 156, if the volume not decent to try breakout the neck line, we can short from here.

will have good support in ~ 150, it's the latest uptrend line, if this support break, add the short position, if it hold, let's to see how can we move.

Comment:

uptrend triangle, with decrease volume, drop soon.

Comment:

Good move with our expectation:

let's hold the short position to see the support test ~ 147.

Comment:

consolidate in triangle, which trend do you like?

Comment:

Another bear flag:

Comment:

Also have a look at overall sentiment with BTC, bear flag, and weaker than ETH

Comment:

149 is the most important support for ETH, what's the next stop?

Trade active:

ETH just like a empty balloon, the price change follow BTC, my original target for ETH is 90USD for shorting, but this time I'd like to check BTC status to decide what's the target for ETH. but any way, still on the track of shorting ETH.

Trade active:

ETH is very weak, just fluctuate with BTC, let's take a look at BTC, it's near in decision time, triangle breakthrough up or down? Who knows, I choose down, so keep my short position.

Trade active:

Very weak after Bitcoin break out the triangle, it's verified a fake breakout, the price drop blow the key support level, I think more drop incoming...

Trade active:

just as we expected, more drop..

Why I share BTC insights in ETH threads? since you know, this is crypto market, no consistent independent trends if BTC goes down. My action currently is keep my short position, to see if BTC can hold ~3570

Trade closed manually:

I have closed this shorting, due to huge resistance in ~110

Trade closed: target reached