ethereum 🌌
Aktualisiert
A black hole is a region of spacetime where gravity is so strong that nothing —
no particles or even electromagnetic radiation such as light — can escape from it.
The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole.
Last night, a black hole was formed in the region between 4300~4400.
A 2 year old trendline failed to hold as support for the first time since the 2019 lows.
I'm expecting this trendline to act as a magnet for a bearish retest, before continuation to the downside.
I'm not entirely sure about a price target due to this abnormally long wick, but a raid of the local lows could be a conservative target.
🌌🌌
👇
no particles or even electromagnetic radiation such as light — can escape from it.
The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole.
Last night, a black hole was formed in the region between 4300~4400.
A 2 year old trendline failed to hold as support for the first time since the 2019 lows.
I'm expecting this trendline to act as a magnet for a bearish retest, before continuation to the downside.
I'm not entirely sure about a price target due to this abnormally long wick, but a raid of the local lows could be a conservative target.
🌌🌌
👇
Kommentar
if eth breaks back above the trendline, then this initial move down was a really nice trap \ shake out.if we could get back above the trendline + consolidate up there for a few days, then i'll flip bullish.
Trade ist aktiv
Kommentar
Covered half my leveraged short right here for +22%.Will add at the 0.618 for the wave 3 swing ~
Kommentar
stoploss at breakeven, not looking for a reshort just yet.there's a cme gap at 53k via btc1!, and its possible we raid it into this new week before continuation to the downside
Trade wurde manuell geschlossen
too much chop for my taste, i rather sit in cash for the time being.sold the rest of my position for +16%.
Kommentar
tagged the trendline here, watching for follow through in either direction.bullish above, bearish below.
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