ETH / USD Bitstamp: Manipulations everywhere. Moving down?
Updated
Watching the schedule for the last few days, I was surprised by the number of completely different manipulations, bullish and bearish candles lined up in a few minutes, which really scares and alarms the entrance to some positions. On my chart, I depicted a triangle pattern that signals a downward movement. I am convinced that the past times we did not go down enough, therefore, it seems to me that now we will fall somewhere lower. In addition, I attached indicators that confirm my idea.
Now we are at the bottom line inside the triangle, according to my idea, we have to go to the top line of the triangle, and then stand at the top line for several days and go down at a fast pace, which will be the successful closure of this idea.
On the chart, I displayed the approximate location of future candles. Do not forget about stop orders.
Now we are at the bottom line inside the triangle, according to my idea, we have to go to the top line of the triangle, and then stand at the top line for several days and go down at a fast pace, which will be the successful closure of this idea.
On the chart, I displayed the approximate location of future candles. Do not forget about stop orders.
Note
Previously, I published a triangle pattern, the output of which would be a downward movement. Also, I published an approximate projection of movement within the triangle itself, I did not expect that it would go exactly the same way as it was supposed by me, but this makes me very happy. Probably still worth noting that I noticed a candle in the form of a hammer, which often enough signals a change in trend. It is possible that we touch the upper line of the triangle. It is worth noting that the hammer does not always work, be careful.
Trade closed: target reached
Earlier, I assumed in this idea that we would start going out of the triangle with a downward movement. Everything happened, we broke through the level of $ 107 and the next breakthrough level is $ 99. Maybe we will form a bear flag and continue moving downwards, about this in the next idea.
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