Let's start with the daily Chart.
The dump was awful as I really didn't expect this crazy PA. I succeeded to make a decent gain shorting ETH on from 219 to 202 (I could have close so much lower but with the Bitmex crazyness I'm just glad I didn't get fucked by the overload.
So we did broke every support in order to go straight to 6K.
I like the reaction we had and 6K is still a really strong support.
I'm long with a shitty entry at 6160 but I will add more on the chop before we break either 6250 (weekly res) to 6400-6500 thanks to the classic momentum ignition algorithm aka BART - or drop for a real capitulation move under 5800.
This long is really easy as it worked fine for me every time I went long at 6k support (until it isn't), just put a SL and get overleverage.
The dump was awful as I really didn't expect this crazy PA. I succeeded to make a decent gain shorting ETH on from 219 to 202 (I could have close so much lower but with the Bitmex crazyness I'm just glad I didn't get fucked by the overload.
So we did broke every support in order to go straight to 6K.
I like the reaction we had and 6K is still a really strong support.
I'm long with a shitty entry at 6160 but I will add more on the chop before we break either 6250 (weekly res) to 6400-6500 thanks to the classic momentum ignition algorithm aka BART - or drop for a real capitulation move under 5800.
This long is really easy as it worked fine for me every time I went long at 6k support (until it isn't), just put a SL and get overleverage.