Short

$ETH - Sell

Updated

Will fill out more but just want to get this idea outBYBIT:ETHUSD

Note

So from the original "Trade" as the banksters have set it, yes, the banksters still have their hand in Ethereum. We've seen the trade return to the Optimal trade entry (62%-79%) retracement) for the CFD trades to short. So far we've reached the 127% extension no looking for the 162% extension. It has broken the market structure to the sell-side suggesting more selling opportunities. It recently created equal highs, traded lower, and tapped a "support" a few times giving it the go-ahead to trade above those equal highs and take out the buy-side liquidity. After that it straded right into the 1 hour order block of the next market structure high and was rejected immediately and that's when I pulled the trigger to trade.

Now, where is it going to? First look towards to the taps to those equal lows (marked by the gold line) and just below that you have a bullish order block. I expect it to bounce from that order block and price much higher until we see something else in the price action that will allow it to trade lower, So far that hasn't happened yet so I'm not sure what it might be. But even below that you have two equal lows spaced out days apart with a price gap below those lows, whenever it reaches those lows, I expect price to rush through that gap until we hit the 162% price extension before a major upturn. I will be watching price action throughout the way to see if that will be the final take profit or if I will hold more lots to seek lower profits. Will update when I can.

Trade closed: stop reached

And then there was a fail

BodiesXWix

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.

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