Loyal readers already know the current trend. Here is a quick summary for the ones who are new: Last week was supposed to be an opportunity for bears to shine. However, on Wednesday markets went up instead of going down making everyone confused. Maybe that is why ETH price remained confused at the midway point. Now there was a lot of buzz about WSB, GME and DOGE...
This week was interesting and a bit nerve-wracking. Bears were getting ready for their turn and suddenly had it shove up their shorts. Elon didn't miss the opportunity to troll the market with a single #tag sending BTC 20% up! Honestly, it was quite amusing. After the dust settles, things seem to slow down, volumes are dropping. If you want a day off - close your...
Trading inside a descending triangle. MACD looks to be gaining some support but the volume suggests not enough price action. RSI not shown but looks overbought enough to keep my short from $8511 running. If close is made above $8368. I will take a risky long to around $8472 using only 10% of my wallet. Small gains to be made within this triangle. Let me know what...
Falling wedge on 15m chart,
Hitting longer term support,
Hitting support zone around S1,
Low volume and low price meaning price will get more narrow,
Lil shooting star on the 15m frame.
Possible Long Position,
ENTRY:1.31024
TP:1.31232
SL:1.30861
