Currently Without Worries has a higher timeframe “short” opened on Ethereum since $3800. It was not popular. (see idea below - By the way, 32 likes 2.7k views? You want me to keep posting or not?! Like to let me know otherwise off I go!)
Corrections in price action are never in a straight line, just as within a bull market. At this moment in time on the above 8 day chart price action has not been this oversold since the bear market of 2018 with an RSI below 30. The mindset of sellers today is 100% emotional.
What should you expect?
A rally to $2500, which is market structure. This rally will draw in fresh exit liquidity and no doubt invite a number of spiteful public comments “You’re wrong!”.
Regardless, the chart is our News, a rejection from market structure will take price action down to the long anticipated forecast area of circa $700 (see below) and confirm the expected bull trap.
Ww
Ethereum $3800 short idea
Ethereum to $700 idea
Corrections in price action are never in a straight line, just as within a bull market. At this moment in time on the above 8 day chart price action has not been this oversold since the bear market of 2018 with an RSI below 30. The mindset of sellers today is 100% emotional.
What should you expect?
A rally to $2500, which is market structure. This rally will draw in fresh exit liquidity and no doubt invite a number of spiteful public comments “You’re wrong!”.
Regardless, the chart is our News, a rejection from market structure will take price action down to the long anticipated forecast area of circa $700 (see below) and confirm the expected bull trap.
Ww
Ethereum $3800 short idea
Ethereum to $700 idea
Trade active
Note
Bull trap in progress! Get this idea above 250 likes and it will be closed as near as possible to the reversal ;-)
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.