ETHUSD has 20-90% to lose before we are done.

Very serious times. We see the 1D normal MACD had one of the weakest bull crosses of all time a few days ago and we are already having a bearish cross. As far as my experience in crypto the recent bullish cross was the biggest deceptive signal I have received. Now, generally the MACD is better at telling you when to get OUT, as oppose to when to get IN, but still, a generally reliable signal proved to be worthless unless you were nimble. A sign that was good generally for weeks if not months was undone within days. The Hull MACD is also like the normal MACD, in that it is better at telling you when to get out as opposed to get in and that is also screaming at us to get out.

The RSI is pointing down and we know it can do a lot of damage as it runs along the oversold condition. I think it will bounce in and out of oversold until we reach a new low and AT LEAST meet our last relative low from early April. We may see see bullish divergence on the daily chart for the RSI and MACD before we are done which means there will be a bull trap to either play or avoid, depending on your risk tolerance.

Also, the stochastic RSI is pointing down and has broken the critical level of 80 and the 13 EMA continues to diverge below the 48 EMA (why I use those EMA settings: etfhq.com/blog/2013/...s-which-is-the-best/)

Finally the red arrows on the indicator show painful similarities when compared to the blue arrows. We had quite the slide under those technical conditions and it looks like we will repeat. The most terrifying thing for people that want to go long comes not from ETHUSD, but from BTCUSD, due to its longer history
If we get anywhere near the cloud the losses will be devastating. If we touch the cloud we are going down to $500 bitcoin as we overcorrect. It seems clear that there is tether price manipulation designed to prop up the price of crypto but I think we just saw a very expensive failed attempt. There will probably be other very expensive failed attempts at propping up the price or to collect some cash from short squeezes so make sure your stops are really tight when the shorts of BTC, ETH, or whatever your prefered coin start to get high again. To be honest I was able to play the ETHUSD bounce well enough but lost money on the XMRUSD bounce so I barely finished the week up before this dump.