Hello traders,
An important warning.
Bearish rising wedges can be seen in the chart of Ethereum and Bitcoin and the danger still exists for a test to the bottom of the triangle or even a breakout downwards. Yes we see an inverted HS formation but which one is it gona be? The bearish rising wedge or the Inverted HS formation.
Soon we will know that as we approach the end of the triange.
Therefore, In this case, I would not buy until with a breakout above 3000 and this should happen with volume. A re-test is actually the best time.
Buying now is rather gambling. It can go right and it can go wrong. Trading for me is doing what I see in the charts. Now I see a conflict that needs to be resolved first.
For traders who want to ignore the risk in this tricky market with heavy manipulation. You can also buy the breakout from the triangle if it has very good volume. Without volume it will be a possible bulltrap. Bulltraps I have seen a lot so just be warned. In tat case place a strategic stop so that you are proteced! You don't want to sit in a position which is going to skydive without a stop!
By the way, I have absolutely no bias. I am not a bull nor a bear. Just listen to the charts traders and do your own analysis always. Do research and do no follow anyone blindly. Just my point of view.
Good luck and trade safely!
Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research!
--->> Traders please follow me for updates and give me support with a like👍. That motivates me to continue💚!