ETH has tested it's final support- breaking it would probably push traders to sell down to high 200s.
The horizontal line above the candle has the same length as the previous bear market of ETHUSD back in 2016. Most conditions are similar regarding TA. Although it is very tempting to take a position, even if it breaks, we are still at the mercy of market makers. I would advice a lot of caution in this scenario.
ETHUSD has all the upside to break bullish, but we'll see what the "retail-squeezers" want.
The horizontal line above the candle has the same length as the previous bear market of ETHUSD back in 2016. Most conditions are similar regarding TA. Although it is very tempting to take a position, even if it breaks, we are still at the mercy of market makers. I would advice a lot of caution in this scenario.
ETHUSD has all the upside to break bullish, but we'll see what the "retail-squeezers" want.
Comment:
Comment:
Will this be capitulation?
Will market makers be happy until they fill their bags at 5800?
Next week in crypto: Capitulation
Will market makers be happy until they fill their bags at 5800?
Next week in crypto: Capitulation
Trade closed: target reached:
fuck market makers
Comment:
It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.