ETH - The Big Short

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
- Bearish 200SMA & 200EMA crossover.
- Ichimoku Cloud will reinforce the double MA resistance.
- Closed below previous support zone .
- Price action bearish MA crossover
- Bearish MACD
- In oversold range even with high buy volume
- Trending down and people panicking
- Take profit at FibE levels
Comment: Moved stop loss to 280 above MAs
Comment: Closed out.

Note to self- never short on the bottom of a trend channel unless a break is confirmed
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