EthereumShort
ETHUSD Ichimoku+LinReg Bear Signals
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So after a couple of days instead of there being a second reversal, I agree on the proposal that the price will go to number sub-200. My main argument comes from the linear regression pattern, but other users have come to the same conclusion with other methods.
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I am displaying the chart with log scale, so the regression upper and lower bounds are distorted.Anmerkung
Depending on how willing you are to assume price manipulation, I think 300 USD is being forced. Let's see where it goes from here.Anmerkung
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Maybe it is going to drop this time for good?Anmerkung
The bull trap/leg ups are getting shorter and relatively smaller.Anmerkung
The gates might have been opened. Down to 279 USD and 265 USD is the next stop.Anmerkung
Current resistance is around 272 USD.Anmerkung
The 5 minute candles had gone on a bull mission, but the charts are reseting towards all scales in bear mode. Expecting a big move in the next hours.Anmerkung
The 272 USD level might be over now. Going down.Anmerkung
Bears are really pushing down on 260 USD. After 260 USD… things could get interesting.Anmerkung
Got to 259 USD, which makes me think that the psychological support for this level is also broken.Anmerkung
While we wait for the next drop, I'd like to share what I'm learning about wave theory. (Not the Physics Wave Theory.) Here is a cap of what I think is an N wave. Anmerkung
Considering the neighboring scales and the price squeeze going on, I think the next move is coming soon. Maybe 1 or 2 hours. My guess is that it will break down.Anmerkung
The move was up, surprisingly. Back to 260 USD oscillations.Anmerkung
Closed to take profit. It might rally a bit up, so I'll reopen later on. The macro trend still looks bear to me.Anmerkung
This could be the end of the run, or near it.Anmerkung
From here the downtrend could resume. Among the reasons is the American holiday.Anmerkung
So the update is that I'm still short. I took profit like 2 times already, but this will keep on going down. Right now it loves 262 USD. I think that once it goes below 250 USD, things will get really interesting.Extra note: Looks like a descending triangle.
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This is about to pop. It's closing in on the break, so unless it decides to flatline until eternity, movement will come. Big movement.Anmerkung
Took profit at 244 USD and waiting for a bounce or a new leg down to reopen.Anmerkung
As you have noticed, some weird shenanigans are going on. I closed at 240 USD against that wall. I'm waiting to see what the wall owners decide to do, or those who bought against the wall.Anmerkung
Not much to update. Still crawling to that sub-200 target.Anmerkung
Hit 220.50 USD on Kraken. Experience tells me it will bounce from here, but as I tell people, a trend is a trend until it isn't.Anmerkung
Happy sub-200.Anmerkung
So it didn't hold sub-200. (Whales feasted.) I wouldn't short right now. I'll wait for the direction to set in. My guess is we could see a bounce to 230's, maybe 250's.Anmerkung
So the previous comment said 230 USD could happen. I'm beginning to think that 230 USD would be more like a spike than a rally to it. The price around 200 USD is moving a lot like 300 USD on Jun 30. (Check the comments!) We might see some of this dance again.Anmerkung
After hours of oscillation, this might make a leg down to 170 USD and make a double bottom. If it does, the sentiment is a bounce to 250 USD. Otherwise, we might shoot down to 150 USD. Either way, this trade fulfilled its purpose!Anmerkung
The jump to 230 USD was successful and now I think the bear trend will resume. I'm still not sure of how low it can go, but considering how weak the rise felt, 140 USD wouldn't surprise me.Anmerkung
By the way, 140 USD is not short term. More like the next thing coming.Anmerkung
Deflated to sub-200 USD now. Might be looking to test the 180 USD walls that are spread throughout many exchanges. My bet is that it will break 180 USD.Anmerkung
Bitcoin making a rising wedge just right above the support. Brace yourselves.Anmerkung
Manipulation fixing the prices at 191 and 2200. I have no idea of what to expect.Trade geschlossen: Ziel wurde erreicht
Reached 140 USD.This was the last update.
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It turns out I cant delete posts, so I'll just spam a donation address. Send me your ETH here 0xF7Dc813B5c746F777DD29c94b7558ADE7577064e.
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