ETHUSD some people might think why I only shorting ETH. To be honest i do have long positions with this coin around $2000. And I stopped believing in this project and started making money more than I expecting by shorting (thanks God). The reason is I really disappointed with ETH creator and the team, because it got hacked left and right with a lot lot of money gone without trace and do NOTHING about it (1.4B and hundreds and hundreds million gone, not a penny coming back). Not trying to fix it or solution to solve the issue. But what he and the team did? Putting money on hippos 🦛. That’s why I keep posting and convincing people to make money by shorting when it right time, of course PLEASE with your own risk management! Good luck with fellow traders, let’s make money 💪
After establishing a new higher high on the rally, we have run into an old bearish zone from April 2nd.
As you see there is a small bit to go before we can establish ourselves back above the bearish fair value gap (balance).
Apparently this bearish FVG was still chock full of pending shorts. As we are getting multiple failures to displace above highs I was triggered short. As we close below the highest bull candle, we should see a mass closing of longs from its low. First target is the inefficient range below (blue) around 84K
I believe we must go back to around the50% Fib retracement range as always and correct all imbalances and collect all lows within that range. Therefore I am short after the 11p candle failed to close above the 10p candle.
As always I use failure displacement as an entry trigger 🫡