ETHUSD made a slight touch of the log trendline that was going from the previous macro triangle. Insane precision...
Right now it made a touch with another trendline. I think it's a great time to short.
Right now it made a touch with another trendline. I think it's a great time to short.
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Support targets:
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Also, buying EOS at $12.55-$11.25 region is a good idea.
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Again, all these long signals are only good in case the bear market is over (at 5.9K BTC low a couple of months ago).
Whether it is over or not I am not sure at all (actually have some data pointing that it's not over yet and should continue at least till September, seeing new lows).
But for now I go with bullish scenario.
I intent to take partial profits as soon as I see them (for example a $625 long on ETHUSD I will take partial profit at $700) and then put stops under the lows if I can, making it a risk-free trade. The worst case scenario is price just bulldozes thru all my buys and continues far lower, but it's not very likely (I think 20%-25% possibility).
Whether it is over or not I am not sure at all (actually have some data pointing that it's not over yet and should continue at least till September, seeing new lows).
But for now I go with bullish scenario.
I intent to take partial profits as soon as I see them (for example a $625 long on ETHUSD I will take partial profit at $700) and then put stops under the lows if I can, making it a risk-free trade. The worst case scenario is price just bulldozes thru all my buys and continues far lower, but it's not very likely (I think 20%-25% possibility).