This is something I missed cus trading on Bybit where the chart lacks historic information.
Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5.
The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226.
Fingers crossed, bullas do something :)
Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5.
The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226.
Fingers crossed, bullas do something :)
Note
I like what im seeing so far. Daily close above 185 and bullas are safuTrade active
No easy play. Wicks on the both sides. Hourly and H4 provided flat-top triangle which is about to expand.Trade active
Not much reaction on what I called a flat-top triangle. This consolidation has taken far too long. 185 is still the first resistance to fight.
If it wasn't for the preceding huge impulsive move provided by BTC I would have been out by now.
ETH
Trade active
I like this H4 close. The mission for today is to stay above 185Note
Also just look how much price respects the level, a pleasure to watchTrade closed manually
I closed my position because I see that both BTC and ETH struggle with first resistances.I think having marginal position on HTF play is no good.
I am still biased to long ETH and BTC but will try to do so on a pullback.
Below I am showing the reason I decided to give up my position. If we are to go up, the pullback will be a good opportunity to buy
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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.