Finally! A couple of weeks ago I recorded a video, but there was an error when uploading and it was deleted. So here we are now. Thank you for watching!
This is meant for speculation and entertainment only.
-Victor Cobra
This is meant for speculation and entertainment only.
-Victor Cobra
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Part 2:
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Pretty strong bear trap here, with bullish volume. It's possible we get some continued broader relief here, but ETH is up against major resistance at this level. If it can push through, it can rally all the way towards the 200 day MA and the mid-$3k zone.
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Even though Bitcoin has bounced deep off oversold territory, there is still the 9 week EMA to contend with. This move caught many by surprise (including myself), and I'm usually good at anticipating a short squeeze. I did manage to close my short positions with ETH close to 2300. In order to look bullish on bigger timeframes, there is still a lot of resistance.
