ETH is on bounce watch with the rest of cryptos while we look for BTC to set a bottom this morning and see the 4 hour oversold bounce.
The tops are in on the weekly charts to set lower highs, and daily consolidation is likely for the next week+.
I personally have been very active on this dump last night into this morning with entries, scaling out small profit, re-entering the next leg down, etc. I currently have an ETH avg of 707 with about 40% cash read to add if we drop to the $670s with another leg down.
I will go over this strategy more in depth in a mid day video today.
For now we patiently wait as the odds of a climax, V-shaped bounce appear more likely before our bottom is going to be set.
The tops are in on the weekly charts to set lower highs, and daily consolidation is likely for the next week+.
I personally have been very active on this dump last night into this morning with entries, scaling out small profit, re-entering the next leg down, etc. I currently have an ETH avg of 707 with about 40% cash read to add if we drop to the $670s with another leg down.
I will go over this strategy more in depth in a mid day video today.
For now we patiently wait as the odds of a climax, V-shaped bounce appear more likely before our bottom is going to be set.
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