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Etherium

ETHEREUM - Still SHORT (and BCH as well) 🔪Correction is on and the secret to success is to always BUY THE STRONGEST and SELL THE WEAKEST. In my understanding and my chart, ETHEREUM and BCH are the weakest links thus i keep shorting these too. If you disagree no need to post your dark thoughts on my idea- this is just my humble opinion and I am not a financial advisor nor an expert nor anything else, just a guy who posts what he sees. And I see Falling knives when i look at this chart and BCH chart 🔪🔪 One Love, the FXPROFESSOR
BITSTAMP:ETHUSDShort
by FX_Professor
13
ETHEREUM - Sticking to the planSecret to successful trading is to stick to the plan! We have been buying for the last 3 weeks , taking profits at all time highs and buying in again at the dips . Let's not ignore 'Market games', manipulation and fundamentals. I said I would be buying until Feb 8th and then sell. The CME factor, yes. In 2017 when the CME started trading Bitcoin the price dropped. Ethereum will suffer too, I am confident it will happen BUT it is NOT the time to go short yet... You see, the game is played differently every time but the outcome is always the same.. so, buy mode still on, sell button can wait a bit more. That's me and how I see things.
BITSTAMP:ETHUSDLong
by FX_Professor
13
ETH narrative getting shaky!! Keep an eye on ETH for next 24.Follow up to my previous setup and analysis of the most recent pricing. - Eth did not develop a second higher high inside its latest pattern continuation (as it did the last two moves). - Further it is not 'bouncing' of the ascending triangle support line formed by its current 20d MA. Rather its been hugging right above the support line the past 3 candles. - It needs an injection here. And i'm concerned the distractions from WSB and the early altcoin season might be stealing what has otherwise been positive volume getting to this point. - Bouncing this many times and for this long of a period against its ATH resistance, coupled with the distractions above make it very hard (albeit disappointing to admit) to accept that we might have a breakdown in support. Flipside- ive seen more suprise injections at critical levels in the past month than ever before. A whale, a Musk or even the WSB group could blow us right through the ATH at any moment. Musk saved the BTC bull flag narrative. An injection here would send ETH into orbit. I'm sure there is some big money bull's out there well aware of the deciding times ETH is in for the next 24hrs. I'm not an advisor. Just a visual and tactile learner that needs to put his thoughts down in writing for tracking and hindsight analysis.
BITSTAMP:ETHUSDLong
by McGorgeous
5