R.ACEACEACE CASE FOR $45K #BTC #BITCOIN & $3000+ #ETH #ETHEREUM
This is a macro idea that I am publishing to explain my bias for the larger picture at present.
The week has definitely begun with a slowwwww start. However, the week is very long and can change quickly.
I believe the slow price action will turn off a lot of traders and make them look away from the market, but higher prices would lure them in.
I have already published my long trade idea for Bitcoin. Consequently, I expect Ethereum to follow along.
If Bitcoin does continue to slowly climb and go on its mission to kill bears, I believe it could continue higher to $45,000, and in this event I see Ethereum reaching $3000+
Good support for ETH is near 1041.
Please understand that this week I am expecting choppy price action, so I will trade the lower timeframes. I only use the larger picture as confluence. I have kept you updated with my ideas.
In my opinion the current price action is eerily similar to that of the 2017-2018 top.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The week has definitely begun with a slowwwww start. However, the week is very long and can change quickly.
I believe the slow price action will turn off a lot of traders and make them look away from the market, but higher prices would lure them in.
I have already published my long trade idea for Bitcoin. Consequently, I expect Ethereum to follow along.
If Bitcoin does continue to slowly climb and go on its mission to kill bears, I believe it could continue higher to $45,000, and in this event I see Ethereum reaching $3000+
Good support for ETH is near 1041.
Please understand that this week I am expecting choppy price action, so I will trade the lower timeframes. I only use the larger picture as confluence. I have kept you updated with my ideas.
In my opinion the current price action is eerily similar to that of the 2017-2018 top.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
---I am currently in a short trade