DanielSpeiss

SHORT Reversal opportunity ETH or BTC

Short
DanielSpeiss Updated   
COINBASE:ETHUSD   Ethereum
I am in this trade short @
214.39
214.85
215.07
215.26
215.26

Entered my Short positions where btc capped off around $1040, I think we might see a continuation in downward trend if it breaks through the area I've outlined. MACD shows selling pressure in 33 minute & hour. We will see if it breaks support.

Trade active:
We are still seeing the downwards trend. Also, a very shallow but growing MACD selling pressure on the 11 minute and 33 minute. If bitcoin breaks its support @ 987-0, we will see eth drop as well below 211.34.
Trade active:
Trade active:
Looks like we have a reversal for the downside

Trade closed: target reached:
Who is ready for that dance drop?
Comment:
Getting close for some extra
Comment:
We are almost in the final phase of this drop to macd lows. i outlined the most likely points of bottoming, there is a third and fourth line not scene, but at least the second level will be hit.
Trade closed: target reached:
Comment:
Apologies, here is the edited with the macd levels I was mentioning.


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