ETH/USD could be repeating itself - Bearish next 6 days

1 янв. 2019 г.

Have to see how this plays out but ETH/USD on the 2 hour chart looks to be a carbon copy of itself before the last retrace happened.

The Constantinople hard fork of Ethereum on Jan 16th may disrupt this - or maybe this is the last drop before that.

Overall the market is still bearish and shorting is the safest move currently.

1 янв. 2019 г.

Заметка

Failed at the 0.786 Fib region for the 5th time.

Thought: ETH Constantinople update news could actually cause sharp sell offs if people have been accumulating, new buyers may panic sell before Jan 16th after it goes down by say $5-$10.

1 янв. 2019 г.

Сделка активна

Entering a short position on Bitmex

Reasons: Repeated failure to break above 0.786, volume lowering for 4 days, downtrend, bear market + my TA matches.

1 янв. 2019 г.

Заметка

Created a version of this chart on the 1 hour chart: