The week has been so rough with bitcoin going at a bottom of $17000 followed alt coins and ethereum also respected bitcoins massive move
and had a bottom at 880..The bulls quickly came into action and are trying to push the over all market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this been said, ETH formed a bearish flag chart patten on the 1 H TF.
This chart pattern indicates that, there shall be a massive break down to the support level from the previous formed resistance.
A short trade has been placed.....with an entry of price and a take profit set...
I am not a financial advisor.
DYOR
and had a bottom at 880..The bulls quickly came into action and are trying to push the over all market upward...
2017 has nearly repeated itself should we see bitcoin at $10,000 price range.
With this been said, ETH formed a bearish flag chart patten on the 1 H TF.
This chart pattern indicates that, there shall be a massive break down to the support level from the previous formed resistance.
A short trade has been placed.....with an entry of price and a take profit set...
I am not a financial advisor.
DYOR
Trade active
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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.