Ethereum false reversal?
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Good afternoon, congratulations to all traders who traded long in yesterday's scenario, after the Gap close at CME we consolidated above 1300 and came to 1390, where (early as I see it) followed the seller reaction expected it from (1425). that may tell us the seller's strength and for further decline.
At 21:00 today, the US interest decision will be announced, keep a close watch on the SPX500, if there is a sell pressure at the opening, bitcoin will go from the current levels to correct (last post was about targets for bitcoin upside). if the rate is above 75bp, we will go down
Long
Etherium, trade above 1370 and consolidate above 1425, which would open a move towards the target of 1650.
Short
Etherium, if it doesn't see a buyer's reaction, will trade below 1370 without an assault and will not nail that level, going to 1280 at least
P.S
In my analysis of the instrument I do not adhere to the time frame, the reaction in the instrument can occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have some ready-made material)))
Good afternoon, congratulations to all traders who traded long in yesterday's scenario, after the Gap close at CME we consolidated above 1300 and came to 1390, where (early as I see it) followed the seller reaction expected it from (1425). that may tell us the seller's strength and for further decline.
At 21:00 today, the US interest decision will be announced, keep a close watch on the SPX500, if there is a sell pressure at the opening, bitcoin will go from the current levels to correct (last post was about targets for bitcoin upside). if the rate is above 75bp, we will go down
Long
Etherium, trade above 1370 and consolidate above 1425, which would open a move towards the target of 1650.
Short
Etherium, if it doesn't see a buyer's reaction, will trade below 1370 without an assault and will not nail that level, going to 1280 at least
P.S
In my analysis of the instrument I do not adhere to the time frame, the reaction in the instrument can occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and seller. Well, a couple more secrets, but you already have some ready-made material)))
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