Bitcoin's Price Action Reveals A Bearish Ethereum—Back To Basics

11 Haz

Bitcoin is bearish, top confirmed; we know Ethereum and Bitcoin move together in the exact same way. This means that Ethereum will also move lower.

Here we have a higher high but lacking strength, volume is dropping. There will be a continuation of the retrace.

Consider waiting (SHORT) until after the FED decision result. The market can remain slightly bearish until after the event. The drop will open the doors for new entry prices. Market conditions can always change.

We are live with a 20X SHORT on Bitcoin, Ethereum will do the same. Just a small drop (can be a strong drop) ending in a higher low followed by a new wave of growth. Not all charts/pairs/projects are the same. Some will move down while others move up. Sell at resistance, buy at support.

Namaste.

12 Haz

İşlem aktif

Ethereum's recent higher high was just a fakeout, a fake bullish breakout or bull-trap.
The action is now bearish confirmed. The drop can take anywhere between 3 days and 14 days or more.