USTRADER10

USTRADER10

BTC Approaching heavy resistance. I see this area acting as very strong resistance. Given we're making ATHs it's also very much possible that we slice right through. Be prepared for both scenarios

USTRADER10

My previous idea of a fake breakout ended up playing out so far. We are pretty much mirroring every single move from the price action in May....so I expect a slow test back down to the bottom of the trendline and more accumulation before we start to move higher and break levels

USTRADER10

This is just and idea. So far price action has been mirroring the structure in May so this is just something you can keep in mind.

USTRADER10

Most of the price action has been trading between a parallel channel with wicks on the extreme ends. Took a short at 11900 and looking for a possible short term retracement to the 11400 level.

USTRADER10

As you can see on the chart we could have a drop soon

USTRADER10

We previously broke out of a wedge formation on the RSI and used it as support.RSI closed back beneath the wedge on the daily TF, so expecting further downside unless we can break back above

USTRADER10

They want you to long this!!!! But we are smarter than that.

USTRADER10

Long: 226 TP: 235-240 SL: 223.9 ETHUSD managing to break out of its descending pattern. I expect a move up.

USTRADER10

Buy 226 TP: 235 SL: 223.9

USTRADER10

Nice reaction from the bottom of the wedge. Looking to take a small long position once we break the diagonal resistance within the wedge. I still hold a bearish bias but think we can pump a little more Buy: 226-227 TP: 235 Stop: 223.9

USTRADER10

ETH USD TREND LINE BROKEN

USTRADER10

Looks like BTC is mirroring previous price actions. If we get a sell-off from the descending triangle hopefully we look to bounce of the downward sloping channel we have been trading in.