The post is neutral because the first part is the set up for a long play. The second setup is for a short play. This is how I think it may look. Targeting the .618 fib level.
Wave count is my killer on this one. Looks overall like an ABC flat Indicators and description on whey ETH fell are in the related articles! Good luck on you all's trading guys!
Looking for entry along the neckline for the long position. Then if the target is hit I'm going to look for a short setup! PLEASE don't just automatically follow through on these longs and shorts without waiting for proper confirmation.
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OMG GUYS PRESS PLAY THE FIRST CANDLE JUST MOVED DOWN EVERYTHING IS GOING PERFECT.
lol just kidding... Carry on. Have a good day. And don't forget to have fun :)
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Don't get worried if ETH breaks that white line a bit. It just cant cross $637 yet. As long as it stays above that the long position is golden. Patience.
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One more down for ETH
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Progression looking nice for ETH. Sorry we didn't fall back down. Was expecting another fall from BTC. Never got it.
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This triangle is now the dominant pattern for ETH. There is a chance that it can break up, but now it will become a more difficult task. I am no longer in the trade and am waiting out to see what happens in the short term. There is still a chance that we hit the target, but chances have decreased.
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Neckline broken Downtrend confirmed. I'd like a retest of the neckline. But we may not get it.