mljones

Eth at resistance line plotted on aug 18

Short
mljones Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Eth closely following plan from this chart:


Since BTC isn't being very bullish I am looking for intraday shorts on eth and similar alts. I actually am not really keen on fading eth itself because I am long term bullish on it but will use this to justify being more aggressive about fading smart contract alts that are at SR lines.
Comment:
Here is a possible elliot count that shows a b point might be in the works for getting a second chance to short. Still not super crazy about shorting eth directly but this could be useful for timing shorts on other alts that are already weak.

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