VasilyPonomarev
Short

bearish abcd pattern

KRAKEN:ETHUSD   Ethereum / Dollar
after a nice rally up we are now see the completion of harmonic bearish abcd pattern
in addition, the market has just formed nice dodji candle and we can notice RSI divergence and overbought condition.
I don't want to say that this trading opportunity is a trend reversal signal, I just want to state that we can benefit from possible correction before another wave up.

Stops above D point,
Good luck
Kommentar: Higher high
Kommentar: went higher
so do you think it was ok for me to sell at $1000? I can't tell if I should buy back in or wait this out and see if the price is going to continue to be bearish today. I noticed bitcoin just went up $1000 so I feel like me selling was a mistake.
+1 Antworten
VasilyPonomarev armenhammer21
@armenhammer21, hey, one you opened you position you should follow your plan and u should't be distracted buy any market situation! if you sold 1000 it is fine, according to my analysis it is a great selling zone. and about bitcoin, surely, you check charts of multiple cryptocurrencies but remember there is no 100% correlation between em, so hold you position and follow your rules!
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