Jan 4th put up the first red flag. Ultra high volume day with a large top wick indicative of sellers. We never make trade decisions from 1 candle so we wait for further confirmation.
Today on decent volume, we put in another good sized top wick with a doji candle. Red flag 2 has presented.
I sold $1270.
We might have another last squeeze left but Ethereum is overheated and ready to retrace Fibonacci 50%/61.8%
Today on decent volume, we put in another good sized top wick with a doji candle. Red flag 2 has presented.
I sold $1270.
We might have another last squeeze left but Ethereum is overheated and ready to retrace Fibonacci 50%/61.8%
Comment:
Now struggling to regain 1170. A key inflection point from last weeks runup. Failure here sends us lower