BobbyAxelrode

Eth ( is it a deviation or a dead cat)

BITSTAMP:ETHUSD   Ethereum
Invalidation - Cross above 1780 (A Deviation)
Confirmation - Rejected 1780 and its not a deviation, market maker wanna roll price over to a new range

We have been ranging for 91 Days, price didnt make a new high , but instead ranging.
if thats is not Sign of Weakness, idk what is it.

Anyway during this period of time, this is my plan
1. Small short position to avoid bearish bias during accumulation season
2. Focus on researching next bull market narrative and accumulating altcoin for standby next bull market
3. Spot buying BTC & Eth in multiple level as we cant to identify perfect bottom
4. Macronomics research and reading.

Target 1: 1620
Target 2 : 1520

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.