Let's FOMO into all the ETHS! Wait, read before you do!
ที่อัปเดต:
Hi Everyone, I hope everyone is doing well through this crash here. If you are following me, you should be. We haven't really lost much of anything with the positions we are taking and have been profitable on a lot of our trades.
Lets get to it. After this recent ETH rebound off the tip top of our buy zone we have entered this consolidation zone the last little while. Even though the 4 hour MACD is looking to cross up it's important to remember that the DAILY is still very much negative and we still have not achieved an oversold RSI on the daily yet. Which is really important because in order for full divergence or an oversold RSI to manifest, there is still more downside in the cards and that is something to be mindful of. What the daily being oversold also tells us is we MIGHT be able to go in a little heavier after we get a push down. But, that is something we will need to wait for.
We are at this techincal resistance zone if you are looking for a trade to go short for a continuation move, you could even ladder a short now and up just below 500 with a stop above at that resistance line and trendline.
My 1st Ladder is at the 380 area. Because the 420 area was already used, we can conclude that once it hits again the bounce will be minimal assuming the down trend is still in force. It doesn't really warrant much of a double bottom at this point.
I am currently neutral in the markets. It does appear that the market makers are pushing this up to sucker people in for a bull trap when everyone wakes up on Monday before pushing it lower again. I am however mindful that if we push to 475 and move sideways there is a possibility of an inverse head and shoulders pattern. But even then, it will still have this trendline and 500 level to contest. So being neutral is best right now, imo.
Don't let your emotions get the best of you right now.
Happy Trading,
-Sherem
Lets get to it. After this recent ETH rebound off the tip top of our buy zone we have entered this consolidation zone the last little while. Even though the 4 hour MACD is looking to cross up it's important to remember that the DAILY is still very much negative and we still have not achieved an oversold RSI on the daily yet. Which is really important because in order for full divergence or an oversold RSI to manifest, there is still more downside in the cards and that is something to be mindful of. What the daily being oversold also tells us is we MIGHT be able to go in a little heavier after we get a push down. But, that is something we will need to wait for.
We are at this techincal resistance zone if you are looking for a trade to go short for a continuation move, you could even ladder a short now and up just below 500 with a stop above at that resistance line and trendline.
My 1st Ladder is at the 380 area. Because the 420 area was already used, we can conclude that once it hits again the bounce will be minimal assuming the down trend is still in force. It doesn't really warrant much of a double bottom at this point.
I am currently neutral in the markets. It does appear that the market makers are pushing this up to sucker people in for a bull trap when everyone wakes up on Monday before pushing it lower again. I am however mindful that if we push to 475 and move sideways there is a possibility of an inverse head and shoulders pattern. But even then, it will still have this trendline and 500 level to contest. So being neutral is best right now, imo.
Don't let your emotions get the best of you right now.
Happy Trading,
-Sherem
บันทึก
Last idea for reference 
บันทึก
Watch for further downside if we crack 420.บันทึก
Went into more detail and bigger picture in this new post: 
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