I'm still going with the same pattern drawn out over a week ago. For a healthy retracement its typical to see the .618 get hit before any major movement.
always a chance of pushing upward a bit but just to snag some stops.
in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those stops and then run away with the money.
and i find that when i post it has even more tendency to hit those exact numbers i list then again run the other way so i pulled my buystop, and im waiting for a lower buy.
Maybe ETH will push to $1587 then continue downwards but now eyes are on other coins moving around.
Like any other altcoin bitcoin tends to control a majority of them but i am looking into a scaling in on a coin MINA/USD.
Nearly 33% gains in 24hrs, but a lot more potential. We all can agree ETH will reach new highs in the upcoming years but these big coins need some retracement to keep them as stable and reliable as they are.
Have fun with it, be smart and know everyone's trading with the same rules..... except FTX
always a chance of pushing upward a bit but just to snag some stops.
in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those stops and then run away with the money.
and i find that when i post it has even more tendency to hit those exact numbers i list then again run the other way so i pulled my buystop, and im waiting for a lower buy.
Maybe ETH will push to $1587 then continue downwards but now eyes are on other coins moving around.
Like any other altcoin bitcoin tends to control a majority of them but i am looking into a scaling in on a coin MINA/USD.
Nearly 33% gains in 24hrs, but a lot more potential. We all can agree ETH will reach new highs in the upcoming years but these big coins need some retracement to keep them as stable and reliable as they are.
Have fun with it, be smart and know everyone's trading with the same rules..... except FTX