Think we will see a retest of ~3.4k coming days. I am aware thas most people probably think it won't happen, it's too low, ETF bla bla, but I just ignore everything almost all the time and just look at the charts :)
I have traded the breakout from 3k to 3.6k and I'm flat currently but I think ETH is clearly not done yet but I won't buy at current prices.
Stay safe!
I have traded the breakout from 3k to 3.6k and I'm flat currently but I think ETH is clearly not done yet but I won't buy at current prices.
Stay safe!
Note
Idea still valid but my timing is off (again), but now I am more convinced that we see 3400$ coming weeks.Note
And there it is. Quicker than I expected and not quite to the dollar, but I managed to catch a long from 3.5. Now if we see a push towards 3.8k coming days there is a decent chance the bottom is in for ETH. Really shoud not go below 3.4k anymore, otherwise it might fail.Note
Closed my long at BE. It simpy lacked the strength I was expecting. Might drop below 3.4k next week/this weekend. Maybe as low as 3.2k but hopefully just for a wick.Trade active
Re-Opened my long at current prices (below 3400$), will add if we get a dip throughout the weekend.Note
Last line in the sand for me. If 3.2k doesn't hold I am very concerned about the market.Note
"Might drop below 3.4k next week/this weekend. Maybe as low as 3.2k but hopefully just for a wick." - So, it reached 3.2k and so far it seems to be bouncing pretty well. Already pushed above 3.4k (weekly open leevel). This is what I meant when I said "hopefully just for a wick". Not out of the woods yet. It needs to actually close the weekly above 3.4k (the higher the better obviously). Key level would be 3.6-3.7k, if this breaks I am sure this correction is over.
Note
Already close to 3k, think it will get tagged along with BTC going below 56k (max 53k). I am already long from current levels. Will add at 3k and 2.7k if we get there.
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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.