Eth bull flag

Bull flag on the daily and bounce on the 20 day SMA
No Bitcoin continuation as of Friday

Small position as RSI is elevated
Small position because Bitcoin is under/rejecting 50 day EMA and anything can happen over the weekend

Note: Might be better to trade Eth on a broker that allows weekend trading

Trade active:

SL around 2400

Comment:

Fun fact:
The inverse of Jim's Cramer's quote is suggesting short, we'll see
x.com/jimcramer...457127880851557?s=20

Knowing that to stay in profit, we have to do the opposite of Jim Cramer, based on this quote, would it be long or short? "You knew they would make a stand on Bitcoin here. Let em try to hold it up for a couple of days..."
ChatGPT
Based on the given quote, it seems like a positive sentiment toward Bitcoin, suggesting an expectation that there will be an effort to support or maintain the value of Bitcoin for a few days. If the strategy is to do the opposite of Jim Cramer, who is known for his market analysis and stock recommendations, one might interpret this as a signal to go short on Bitcoin. However, it's essential to note that financial decisions should be based on comprehensive analysis and not solely on the inverse of individual statements.

Comment:

Candle formation, bull flag in our case, can fail if fundamentals aren't backing it.
Just like Nvda's head and shoulder.

Order cancelled:

4 hours waterfall
Will re-evaluate during next week.

Trade active:

Weak bearish 2 hour candle

Trade closed: stop reached