BTC was bid up nicely but lost the momentum with a shift to a risk-off attitude in the overall markets. Following this pump and witnessing the second bearish daily candle, it seems the best approach is to fade this recent bullish action and look for targets in the previous lows.
The risk profile highlighted in the chart has a 5R return , and the covered risk...
ETHUSD Heading Lower to $565-550 MMansfield. 9:00 p.m. EST 04/30/18
Ethereum should tag the lower channel line within 48 hours or less.
REASONING:
We saw mostly declining volume into the retracement high that failed to make a new high (labeled Wave B).
The WT Cross indicator showed divergence at the $721 high, and the MACD (3,10,9) followed with clear...
