Swordth

Ethereum, war of the bearflags

BITFINEX:ETHUSD   Ethereum / Dollar
We are still deep in the sh-... downtrend channel , facing bear flag after bear flag , dead cat bounce after dead cat bounce.

I can't count waves on this with any confidence because there are just too many counts that seem right.

In the end all I have is my channel support, channel resistance (green), and my long term support lines (red) that reach back to the days of $400 eth.

I am selling a piece of my position on confirmation of this bear flag breaking, and looking to ladder buys from low 700s down to low 600s. I am too risk adverse to pray for buys to be filled in the 500s, even though I can see it reaching that level.
Kommentar: Bear flag broken, my buys are starting to fill. Hope someone out there was able to make some $$$ off my call.
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