The red circles show where ETHUSD support has historically been weak. ETH has been sold off at each of those red circles. Today Dec 20 2024, ETHUSD is around the same price. After another sell off, I see a re-entry point for a long position. I have marked this buy zone with the green rectangle.
Short position. If stop-loss is triggered, then we buy and go up with the trend up to higher highs. If stop-loss is not triggered, then we re-adjust and tighten it as time progresses. This is not financial advice, just my study of ETHUSD.
So there were news that coinbase has implemented a new system to more easily onboard coins onto their exchange, and people got all excited and went out and bought XRP as high as 70 cents USD. We are still in a bear market, why buy high? I took a short position because I think it's just a hype spike. Going to buy again later. See my chart please. Let me know what...
Going short on GEN because of possible repetition of head and shoulders pattern. From the other side of the coin, it looks like it could be a rising triangle, but we'll have to see if it even tests that resistance.
Sell the BTC. Elastic gummy bear'ish opporunity coming up. Buy the next big dip. Ride the bear trap and sell at the top when there is a reversal cowgirl.
