BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Why?

1) That ‘incredible sell’ signal way back. That was the sign Ethereum was cooked.

2) A death cross just printed on the weekly.

3) The head and shoulders pattern confirms breakdown.

Why $800? Because that’s the golden ratio that stopped the last sell off, which is measured from the break of past resistance to new market top.

Is it possible price action prints a higher high this year? Sure.

Is it probable? No.

Stay safe!

Ww
Trade active: There’s some resistance to this idea from the comments below and private messages received telling me ‘I’m wrong’ etc..

Maybe. I don’t know, don’t really care. My ideas are shared much for my own benefit / record keeping.

As to whether this is right or wrong. Try and not think about like that, rather, think about what is probable versus possible. Anything is possible.

A 3-day death cross is approaching with a projected crossover on June 30th. Price action dropped 80% at the last cross. You think this time will be different?

If history repeat price action will fly past the target to $500.

Emotion… it’s a money killer.


Trade active
Comment: Price action lands on the 200-week SMA. I'm told this is the level that will save the bulls.

Do you see a buy signal? No, neither do I. Jumpsuit on.. parachute optional.

Comment: $200 to go! Seems the 200-week MA was irrelevant.

If $800 fails look for support around $420. There's no more support until that level. If $420 fails, $130 it is.


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Want to try out the Po3 indicator as seen on my ideas?
€100 for 45 days or €650 for 1 year to this Paypal: https://tinyurl.com/4xrbj3jv

Allow 3-6 months on ideas. Not investment advice. DYOR
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