ETHEREUM - Mind The Bounce

Unfortunately I wasn't available to post earlier, but as you can probably tell ETH is on a run here. Its still certainly a dead cat imo, nothing has changed, just part of trend. Last bounce was to 0.618, but also another consideration ETHBTC is pumping, so maybe the fib is to be found there. If it gets to 0.618 it will be a very big bounce here.

Not advice.

تعليق:

I think most likely is ETHUSD tags 0.618 and reverses, but there are other possibilities.

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BTC looks to be breaking down (see BTC thread) but ETHBTC looks like it might break up here.

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ETH on the brink right here i think at 0.5 not .618

تم فتح الصفقة:

Laddering in again.

Not advice.

تعليق:

Trend broke, top looks to be in

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Although there was a reasonable bounce, if price reverses here at 0.5 it is bearish. Prvious bounce revered at 0.618

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It loks like as soon as BTC backs down ETHBTC is reversing.

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BTC.D is ready to rally and ETHBTC close to collapse. Looks like ETH will be trending down shortly.

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And on with the short party...

أغلقت الصفقة: تم الوصول لوقف الخسارة:

Couldn't keep up with the whales on this one. I've exited entirely. I'll update sometime. Probably BTC going back to SOW - we'll see.

تعليق:

ETHBTC didn't even bounce really with BTC rally. This is definitely bearish. Price will go wandering but it will crash at some point.