ETHBTC is currently bounded in a triangle, illustrated with yellow lines. We lost supports of the previous upward movement, teal boxes, on the move down.
The current price movement seem to be topping. TDI shows a lot of effort moving price up but fail to reach previous high.
TTM Squeeze fired short on 4h time frame and momentum is continually going down.
In short term the entire crypto market is most likely in an uptrend down. If this idea pans out, ETHBTC downward movement will take some time to realize. Be patient!
Short entry: 0.078264
Stop loss: 0.080891
Conservative profit target: 0.070275 which is just below the next support and right around the lower bound of the triangle
Profit target 2: 0.065377. Might not get there. At this stage it's hard to say.
The current price movement seem to be topping. TDI shows a lot of effort moving price up but fail to reach previous high.
TTM Squeeze fired short on 4h time frame and momentum is continually going down.
In short term the entire crypto market is most likely in an uptrend down. If this idea pans out, ETHBTC downward movement will take some time to realize. Be patient!
Short entry: 0.078264
Stop loss: 0.080891
Conservative profit target: 0.070275 which is just below the next support and right around the lower bound of the triangle
Profit target 2: 0.065377. Might not get there. At this stage it's hard to say.
Comment:
Let's go eth! Dump it!
Trade closed manually