Hello fellow traders & friends,
most of you will already have recognized this symmetrical triangle with an APEX of the S2-D. It´s usually a structure, that does not give away much on a small
interval like this. Due to the fact we are edgy to see low 8k´s, I still would like to see this noticed. In the recent past, these patterns ended up in a fake out, leading...
Hence I am not bullish before we break-up the 8.1k-8.2k $ levels, I will look out for more short-opportunities today.
Bitcoin is just testing the Daily-Pivot from below. If we break down will also depend if the sell-off curve is accepted.
For now this looks like a poor try to avoid it. Very short-term targets marked.
Always set stops. Trade...
First of all, I am sorry I am so rare at the moment, but I have private stuff going on that I need to take care of and it recently needed all my attention.
Anyhow, Ethereum is a beautiful example of how technical analytics work and work out if done properly. I have not touched or changed this chart for several weeks now, no new lines, no new assumptions nothing...
