Hello, How do I see the scam in upcoming weeks. In my opinion price has defended the support so there is no reason to short here. If I was a market maker I would pump bitcoin to bait remaining pleb, target would be around 30-31k, which makes perfect sense for head n shoulders pattern. Im longing this scenario with clear invalidation.
Hello, I had to rework my trading system since most of my recent trades turned out to be disasters. It is hard to trade this market on ltf, so I decided to switch onto weekly chart. 1W efferium chart, price is in the middle of channel but it seems to me that some kind of horizontal support is broken here. At this moment I'm shorting, aiming lower channel band as...
This is a support line of at least 3 patterns. 1. head and shoulders 2. rising wedge 3. bullish channel All of them are visible and clean, all of them are bearish patterns. As we can see, support is about to break (or even already broken). Everybody and their mamas are waiting for this support to be retested from bellow and short efferium as hard as possible. I...
Trying to make a quick buck. Longing this channel breakout with target at 27.30$ SL if price goes back into the channel.
So what I see on 4H chart is falling wedge. This pattern is usually breaking to the upside so I decided to enter just right now with x5 leverage. Once it breaks to the upside I will add to long and go x10. SL is 4H candle closing bellow. Good luck to all and please dont forget that efferium is biggest scam ever made.
So, it is clearly visible that rising wedge is forming on 1D/3D/1W timeframes. I do believe we already had 3 taps of the bottom but only 2 taps of the top. This is the reason Im kinda comfortable with my efferium scam long right now - price might go up to touch upper band one more time. In this scenario my eth long plays out as expected and I will start to think...
Both resistances bacame a support, totally worth a long here with clear invalidation.