$ETH - How Low Can You Go? $1,175-ish, I think?
So after drawing the fib From the previous fall to the new high, I was actually see the top make a "resistance" line form. And Samart Money always tells me that those resistance lines will be broken. I just thought sooner than later, So I was Scalping at the top getting 40-50 tpips about 3 times when I realized it could drop. So I stopped scalping. (And I should just the damn sell button on MT4) I realize there are two liquidity levels that it could fall under. The first is nearby, the second is just above the 70.5% retracement level (my favorite level because it always hits it or comes really nearly) So My gut is telling me we're going to see it drop below both of those liquidity levels (What I mean by liquidity levels is that those levels appear to be "safe support" levels, when in actuality the big institutions know that and know you'll buy at those levels that I have marked in gold lines one the left, while instead they drive the price deeper cause in you to go negative and they receive and buy at a discounted rate, "discount" is relative to the price at the time. I’m) So I'm thinking 1180 is a safe place for a buy limit if you're buying on an exchange. But, if you
're trading futures or CFD's like me, you want to be more precise, so I'm thinking 1175-1176 ish. I don't know just yet and I'll have to wait and see what happens when/if it gets there.
Depiction of price on the way down.
're trading futures or CFD's like me, you want to be more precise, so I'm thinking 1175-1176 ish. I don't know just yet and I'll have to wait and see what happens when/if it gets there.
Depiction of price on the way down.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Related publications
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.