The marker is ripe for a correction. Even though Bitcoin is rising and breaking 3500, I don't think the rising tide can take ETH higher. There is incredibly low volume in the market, trades are driven by bots, and there is in my view a disintegration of support, i.e. there are no more bulls left in town to push this higher.
I expect a break of the ichimoku and several of the trend lines. I expect a bounce from the 275 asimptote towards the 300 area. That will be my trade. If my plan breaks, I will reconsider the entry. Yesterday was horrible for long entries, the stair formation gave very little confidence, which further leads me to think there will be bullish disintegration.
I expect a break of the ichimoku and several of the trend lines. I expect a bounce from the 275 asimptote towards the 300 area. That will be my trade. If my plan breaks, I will reconsider the entry. Yesterday was horrible for long entries, the stair formation gave very little confidence, which further leads me to think there will be bullish disintegration.
Đã hủy lệnh:
Clearly, I was wrong. The price did not push through the window of opportunity and got a good boost of volume to keep up with bitcoin which pushed it back into the bullish channel.
Waiting for a good position to enter a long.
Waiting for a good position to enter a long.
Potential entries: 304.5; 307; 309