ETH/USD (GDAX) - Dare I Call This Again? (Bearish H&S on the 30)
Shorter time frames have proven advantageous these past few days.
Again, the setup looks fairly simple - with a possibility of it being ruled out if it continues trending to the downside. HOWEVER - the way momentum is playing relative to price action, I've been catching some of these bull traps out here preemptively.
Similar to my LTC H&S formation (see the link to LTC) on the 15 (BITS) - the ETH half hour time frame is proving to look an awful lot like so.
Again, the setup looks fairly simple - with a possibility of it being ruled out if it continues trending to the downside. HOWEVER - the way momentum is playing relative to price action, I've been catching some of these bull traps out here preemptively.
Similar to my LTC H&S formation (see the link to LTC) on the 15 (BITS) - the ETH half hour time frame is proving to look an awful lot like so.
