Hi traders, as i told you in the previous Bitcoin ideas, Bitcoin has broken the key level and it's the start of the end of cryptocurrency, no exception for any other Alt coin.
This is the 4H chart ETH, seems like we are on the very strong support and with the RSI buy signal, will it bounce ? No, stop it, stop buying cryptocurrency.
We've been rejected by the downtrend line (in log scale) and 3 important lines: 50,100, 200 SMA. Then will it bounce back ? Sorry no, we are also rejected by the 100 SMA of 1 Day chart. That's all, we came back to the downtrend. Now our first target is the green zone. Let's see if there's anything new in that level.
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For any ideas or questions, tell me what you think in the comment section.
WE ARE IN A BIG DOWNTREND, IF IT WENT HIGH, WE SOLD MORE.
As always, sorry for my poor English and safe trading everyone! Remember to put your <50% Risk/Reward stop-loss order for every trade.
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover
- MrPalmTree
This is the 4H chart ETH, seems like we are on the very strong support and with the RSI buy signal, will it bounce ? No, stop it, stop buying cryptocurrency.
We've been rejected by the downtrend line (in log scale) and 3 important lines: 50,100, 200 SMA. Then will it bounce back ? Sorry no, we are also rejected by the 100 SMA of 1 Day chart. That's all, we came back to the downtrend. Now our first target is the green zone. Let's see if there's anything new in that level.
-----------------------------------------------------
For any ideas or questions, tell me what you think in the comment section.
WE ARE IN A BIG DOWNTREND, IF IT WENT HIGH, WE SOLD MORE.
As always, sorry for my poor English and safe trading everyone! Remember to put your <50% Risk/Reward stop-loss order for every trade.
Who am i ? I'm a tiny cryptocurrency whale, an emotionless chart analyst, and a cannabis lover
- MrPalmTree
Note
My older post about the broken of bitcoin:
Trade closed: target reached
We have figured the exact zone :)
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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.