Notice the ETHUSDLONGS vs ETHUSD
When the longs close their positions rapidly, this has indicated the local top is completed.
And as you can see the longs have rapidly closed. Prepare for a local top in ETH.
Good Luck
When the longs close their positions rapidly, this has indicated the local top is completed.
And as you can see the longs have rapidly closed. Prepare for a local top in ETH.
Good Luck
Note
ETHLONGS have been adding down here, watch for a spike on the daily for signal. (I believe there will be a minor push up before going back down to make new lows)Note
ETHLONGS are down 12% already today, that's not a bullish sign.
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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.