Careful with leverage shorts, potential for quick trap remains.
Hi Traders,
Just following up the prior capitulation posting, which is still the trend given how the weekly-monthly are looking.
Wanted to point out the possibility for a quick pump upwards to the 20.2-21.8k area still is very possible and might be a short term move on the FED news BUT that should be treated as a fake-out.
I expect the MONTHLY candle to close much lower than present and it still has 9 days left, plenty of time before the 24th for a sharp upward pump and dump.
Be careful with leverage shorts.
I entered/closed some shorts yesterday ETH 1360->1320. high leverage low capital, i am yet to put in the low leverage high capital shorts for the next leg down.
We wait for the FED before moving.
ALSO giving how BTC is looking like its forming a decent W bottom on the hourly i suspect a bear trap is underway.
Goodluck,
Assetmastery
Just following up the prior capitulation posting, which is still the trend given how the weekly-monthly are looking.
Wanted to point out the possibility for a quick pump upwards to the 20.2-21.8k area still is very possible and might be a short term move on the FED news BUT that should be treated as a fake-out.
I expect the MONTHLY candle to close much lower than present and it still has 9 days left, plenty of time before the 24th for a sharp upward pump and dump.
Be careful with leverage shorts.
I entered/closed some shorts yesterday ETH 1360->1320. high leverage low capital, i am yet to put in the low leverage high capital shorts for the next leg down.
We wait for the FED before moving.
ALSO giving how BTC is looking like its forming a decent W bottom on the hourly i suspect a bear trap is underway.
Goodluck,
Assetmastery
