Still very much so long term bearish on Crypto. See Ethereum as being in tis bearish channel. Granted there will be plenty of bull plays along the way. This is just my Macro view of the direction of ethereum. I will post more micro view analysis for trade opportunities. It appears evident we need to fill the gab from the initial run up.
From a technial...
Audcad is still trading within this channel it formed.
Price needs to break and cloe below .905 to provide a valid entry for me.
From that point I would be looking for retracement pull back opportunities to short this thing down 200 points
Adversely this thing can keep trading within the channel for a few more days/weeks. We will need to see how price moves so we...
We see CHFJPY as bearish back into the 105 long term swing trade area. Will be entering this trade tonight. CHFJPY just broke its neckline of support and is retesting the zone before it makes its way to the bottom of the channel and 1.618 fib level
Ideal short on GBPJPY is 132.4 area. Just wanting to get a good retracement on this pair. Long term target is still 131. with stops at each fib level. Wil update when trade becomes active.
Still have a short bias on AUDCAD. A close below .906 and retest wil make this trade valid for me. Risk will be around 75 pips with Reward around 200 pips.
We are approaching a key level on BITCOIN.
What we are learning is that we are taking almost twice as long and expending more buying effort to reach the $10,000 price point versus last time.
We are showing extreme extended coniditions to do so.
My bias is bearish unless price breaks above $10.300 and starts to show strong price action forming new support.
My...
