ETHUSD- Corrections can't get more textbook than the one on Ethereum. Its the classical A, B, C correction. So, if you missed the first crypto bull run from 2010 - 2021, don't worry, we are going back to the roots.
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The selling pressure is evident. I moved my stop loss to breakeven, just to be safe. With crypto, anything can happen. I suggest you do the same.
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Classic!
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400 PIPS!
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Expecting ETH to bleed after the FOMC maintains the Dollar rates at 5.25% later today. So far, so good. The idea remains intact.
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ETH BLEEDING!
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By the end of 2023, ETH will be at 100-200. This is the short term view. On the long term, ETH will rise. AI will need a digital currency to fully dominate all aspects of our lives in the future.
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The idea is still valid. What is happening with BTCUSD is a bulltrap. Dont be trapped into buying crypto now. Short term its bearish, but long term is bullish. Its not yet time to buy.
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Wait for price to make a double top at 2100 before selling.
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BTCUSD selling zone is around 33000. But it seems that ETHUSD bulls don't have a lot of bullish momentum for one final push. ETHUSD bears may take over, and push the market downhill from here.
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Looks like ETHUSD price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.
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ETHUSD setting up for a nosedive !
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200 PIPS STRONG !
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The C Wave has just started. ETHUSD bleeds !
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350 PIPS FLOATING !
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Watch out for the next nosedive on the weekly TF !
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A shooting star candle on the weekly TF is a strong indication of the bearish momentum building up, as the sellers push the price back to its open price !
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400 PIPS ON ETH !
Thedeveloper