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Chartered Market Technician (CMT) Level 2 Candidate
Joined Mar 17, 2020
chartpattern
trendanalysis
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ETH could confirm the infamous Bart Simpson pattern and dump again to 1800$.
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We are doing a false breakout of the ATH like we did in 2021. A good strategy to hedge your btc portfolio is to short rn with a leverage of X10 with the SL above the ATH.
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If we assume that the movement between May 23 and May 25 was abnormal and manipulated and remove it from the equation, we can observe a very well-defined ascending channel that is close to being broken. The next relevant support is the previous highs around the 23,475 area. Trade idea: Short: 24000 Stop-Loss: 24450 Take-Profit: 23475 RR: 1.17 / 1
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Trade idea: Short: 21600 Stop-Loss: 21900 Take-Profit: 20600
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