ETH/USD Looks like the bears are indeed back in town
Position: Bearish. Waiting for a buying opportunity.
I mean, my last ETH call was DEAD on. We had every indicator pointing down, and BAM. Down it went. It formed a head and shoulders and reacted perfectly off that 800 level for a bounce up.
So here's the worry when analyzing POTENTIAL risk, if that ABCD pattern holds true, we are going down to that $400 level. On the bull side, we need a break of 900 and a break of $1,000 for continuation to the upside.
Bottom line, be wary! Martingale in your buys, best way to do it!
-Sherem
Check out my last call! -
I mean, my last ETH call was DEAD on. We had every indicator pointing down, and BAM. Down it went. It formed a head and shoulders and reacted perfectly off that 800 level for a bounce up.
So here's the worry when analyzing POTENTIAL risk, if that ABCD pattern holds true, we are going down to that $400 level. On the bull side, we need a break of 900 and a break of $1,000 for continuation to the upside.
Bottom line, be wary! Martingale in your buys, best way to do it!
-Sherem
Check out my last call! -
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