Leaning more towards a short looking more like a flat
ETH/USD near exhausting WXY. Could make for a good long entry around the 1-1 extension.
Holding short for 5 wave pullback then looking for a long entry around the 0.618 extension
Deep B expecting a pretty hefty C. Invalidation: $6,526. On a break below $7,000 I may consider a short depending on price action.
Pretty confident in looking for a good short opportunity around $7,450-$7,500 Not saying how you should trade but this is how I'm trading it.
Looks like we may be headed up. Although, I'll still be looking for a potential short entry around $7,450. Keep a tight watch going long. Overall sentiment is bearish: market makers push it up, get buyers, then dump. Don't allow yourself to be easy prey reversal could happen at anytime.
Potential fake-out to the downside. Risky play but could be the move
Scalpy short trade to the downside for BTC
Macro of how I'd like to trade these next few moves
Macro of how I want to trade these next few moves
Possible triangle playing out. Possible short entry around the 1-1 extension.
BTC hanging by a thread to hold $7,000. One more slight push up before another dump. Possible triangle that I'm charting now
Took profit and opened a small long. We broke the top trend line but things have been moving pretty slowly tonight and I have a feeling we might see a reversal in the next few hours. If it reverses, I'm planning on riding it up to $7,500-$7,600 and opening another short. However, if BTC breaks below the lower trend line around $7,200, I'll be cutting my trade and...
The original ABC count could still stand. I took profit and will be opening another short if we make it up to B. Continued downtrend would invalidate it and my 5 count would likely play out. In both scenarios, most likely looking to go long at $7,000.
Supports are highlighted on the price scale. In the intermediate term, I'm bearish and I think ETH will bottom at $80 before making higher prices. But to play devils advocate, I charted out a theoretical Bull count if BTC rallies. This chart is largely influenced and highly dependent on the performance of BTC. However, sentiment shifts regarding the upcoming hard...
Looking like a short pump with a follow through to finish across the board