Bearish Divergence on 4 hour
MACD MA Crossover on 3 hour, soon to cross over on 4 hour
We have hit a new ATH -2.98% (not counting the highs made during the first few days ETH was listed). We also had record volume today, and it is unlikely that volume can sustain these levels.
If we can close candles on a long time frame below the upward channel, the sell signal is confirmed.
Supply and demand zones are marked on the chart. I believe that we will retrace off of the 0.5 fib level to hit the 0.236 fib level before the final descent to the demand zone .
Will TP when the 0.5 fib is tested at 0.03063, and reenter another short at 0.03458. Will enter long at the demand zone .
MACD MA Crossover on 3 hour, soon to cross over on 4 hour
We have hit a new ATH -2.98% (not counting the highs made during the first few days ETH was listed). We also had record volume today, and it is unlikely that volume can sustain these levels.
If we can close candles on a long time frame below the upward channel, the sell signal is confirmed.
Supply and demand zones are marked on the chart. I believe that we will retrace off of the 0.5 fib level to hit the 0.236 fib level before the final descent to the demand zone .
Will TP when the 0.5 fib is tested at 0.03063, and reenter another short at 0.03458. Will enter long at the demand zone .
Note
Another possibilityNote
The above LONG scenario is if BTC continues to fall, as it currently is.Note
We are still short - BTC back on the rise.. Let er rip :DNote
Back to long, will post a new long chart when we hit the top.Note
a new short** chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.