Appyfella
Short

Rising trend line broken to the downside

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
184 0 4
With the rising trend line broken on the 4hr I have moved my Fib Retrace to the 17th Jan low and 28th Jan high Bull run.
The break below the rising trend line , to me, signals this bull run has now complete and the bears are back in play.
Looking to return back down to around the 61.8% line for a possible small bounce back.

A break back above the rising blue trend line will void this thought.
Comment: The Bulls are doing everything they can to break back above that Rising trend line.
A break above 1150 (20th Jan High) would put me on the sidelines.
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