If ETH breaks out, and stays above the neckline, this is a cup & handle / inverse head& shoulders with a technical target of $160.
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Take some profit at resistance. Watch out for this possibility
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I took profit, Going to re-enter long on the next breakout (above 125)
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(that is ... $125 Bitmex, or $128 bitfinex, the red box above is next breakout zone)
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ETH still going, $130 Bitmex overnight!
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we had a break of big resistance band at 125 and now consolidating above, Buy the re-test
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Never fomo
#NoFomo
#NoFomo
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nice re-test!
but wait a bit more ... we need to see it break UP
but wait a bit more ... we need to see it break UP
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... Patience ...
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a possible path for ETH
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Danger, will robinson
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ETH is giving the middle finger to bears O_O
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ETH is the duracell bunny, just keeps going and going
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Nearly there!
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Tah dah! Nous sommes arrivee
Trade closed: target reached
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and this is why you set targets, use stops and take profits on the way up. Hope you got out safely guys!
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Sell
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Always take profit, and learn when to sell
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People are asking me 'is it good to buy ETH here?'
When a parabola breaks, it typically retraces 80-90% of the run
(see twitter.com/PeterLBr.../1076229932689158145 )
When a parabola breaks, it typically retraces 80-90% of the run
(see twitter.com/PeterLBr.../1076229932689158145 )
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ETH is forming a head/shoulders. Watch out for fake breaks!
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New short setup
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If it holds this line, Im buying (going long)
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Holding...
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Don't get sucked back in. ETH made a lower high, it will go lower after a few more dip buyers try their luck
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Always sell bear divergence on 4hr, 6hr timescale
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If you haven't sold to take profit yet, this is a good place
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I know you all think I'm mad for saying ETH is a sell, but it's risen barely a dollar above my long price target (hit on 24th December) and we now have multiple signs that a top is forming
1./ Bear divergence on many timeframes
2./ Rounded top
3./ decreasing volume
1./ Bear divergence on many timeframes
2./ Rounded top
3./ decreasing volume
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^ Sorry should say 3./ 'Distribution volume' (higher vol + smaller price range)
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Many chances were given to get out & sell at or above $150. Did you take them?
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Really getting bearish now. Second opportunity to sell above $150 was a gift. Did you take it?
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Update after that sell call !
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Guess what, ETH is painting a bearish head/shoulders pattern, with a bear target of $68. You heard that right
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Still bearish
