Hi All,
#ETH #ETHEREUM
The rejection was at the 618 level, typical for a lead in trend line and the prior price action aligns with 2 macro strategies.
a) Bump and Run
b) Wyckoff accumulation
Combining these 2 is not as one looks for the bottom and the other looks for a confirmation of a bull run.
For now, I'm looking for Wyckoff accumulation schematic to find the bottom and I believe the ST in phase B is taking place and it will be 1 of 4 potential formations then after. Note the wedge and if it breaks out of that key level, short.
FYI, I'm shorting since we dropped the EMA.
To follow this story, come and join our community.
Please give me a like and share,
All the best,
S.SAri
The only issue I have to remain bullish is the cross over of the EMAs
approaching the weekly 50 EMA should expect a bounce.
#ETH #ETHEREUM
The rejection was at the 618 level, typical for a lead in trend line and the prior price action aligns with 2 macro strategies.
a) Bump and Run
b) Wyckoff accumulation
Combining these 2 is not as one looks for the bottom and the other looks for a confirmation of a bull run.
For now, I'm looking for Wyckoff accumulation schematic to find the bottom and I believe the ST in phase B is taking place and it will be 1 of 4 potential formations then after. Note the wedge and if it breaks out of that key level, short.
FYI, I'm shorting since we dropped the EMA.
To follow this story, come and join our community.
Please give me a like and share,
All the best,
S.SAri
The only issue I have to remain bullish is the cross over of the EMAs
approaching the weekly 50 EMA should expect a bounce.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
