Muted Full moon, pre X-mas weekend action. Bears taking a beating from big bidders all weekend. Could see a squeeze to top of range at least 4100. If Bulls fumble we could come down to Friday's low of 3700 which is a small buy zone. Happy Holidays
Note
They dropped it to the small buy zone mention yesterday which gave a good trade today from 3750 to 3900 where I exited. We are still in a range. Not expecting 100k this year. Just one hour at a time now. The 2 scenarios I see for Dec.21 2021 are:
1. If big volume comes, break out of red dotted trend line sends us to 4100
2. If continue like we are now, am expecting a drop back to 3750 then 3650.
Stay Safe, Happy Holidays!
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Happy X-mas eve!Things change quick in crypto, must adapt quick or NGMI. Demand decreasing. Dotted lines are projected MA, Solid white line is price projection to target zone. Will look for long buy at 4k and fade the 4120 if low vol. Thanks for reading my trade journal!
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ETH Dec.26 Both low and high mentioned hit and taken. Congrats to those who joined the trade.
4120 still selling zone. Will look for small scalp long around 4000 and around strong demand zone - 3900.
Take profit around 4100-4120. Happy Sunday!
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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.