$ETH - GOING UP! Setting Up "Resistance" To Trick You +1445 Soon
Updated
Title Says it all. I bought at 1431 around 7:00 a.m. eastern time U.S. thinking it would bounce back and beak the highs. It didn't but I held on because I KNEW WE WERE GOING HIGHER. Then I saw that the price came into the 70.5%. retracement (See Chart) and I was holding on no matter how low it went because I kne we would eventually get to the 1443 (at the very least) We did it bounced back and now it's coming up again. Don't be surprised if this "resistance" isn't resistance soon.
Note
It just dropped into the Golden Buy Zone. Meaning it retraced more that 61.8% of the last previous wave of the low. It actually hit the perfect spot the 70.5% that I always talk about o my podcast and in my ideas. But I'm not buying yet. I want it to break an intermediate high, then retrace again. I', hoping it gets to about 1428 then retraces back to the 62-70.5% because at that point the perfect 200% extension will be $1,500 which I think will be out next from of somewhat resistance.
But who knows, it may just blow right through right now until it reaches 1830.
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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