Smoak

Beware the Bots

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KRAKEN:ETHUSD   Ethereum
The bots are going to tear ethereum up. Every once in awhile the bots give us a clear trade signal. Here we see a candle that shoots down to $435.00. The shortest time frame I can post is the 15 minute chart. However, this candle was confined to a 11 minute shot through the support we established after our last fall. When I see one of these candles I know that price will rise for awhile but will eventually retrace the candle.

The bots don't really give clues as to timing. It could be another several days for all I know. However, I do know that we will fall to this level in the near future. 560 has been a strong resistance and we might now make it past this level. If we do make it past 560 I think we hit 595 max and then take a very steep drop.

Not trying to tell anyone how to trade but do trade with caution and don't go long with leverage at this point.

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