I'm currently in a short from $4150. See my previous ETH thread for details. Now the next question is whether this is a top or a retracement. For now price needs to make a lower low LL below $3500 to really show a downtrend. If it gets there then I will consider price to be at least in a Primary wave correction.
As per Elliott Wave it is very common for a 5th wave correction to retrace back into the territory of wave 4. So if a downtrend is on then the correction could find its way back to the $2040 - $1293 range.
If price has topped however, price could go much lower. I would be targeting the 0.5 fib $595 to the 0.618 $371.
For now price is yet to pass first hurdle and I'll just watch and see how it behaves. If it could even get to the previous wave 4 that would be a very tasty short.
Shorting is very aggressive. I don't recommend it. This is as much to hopefully show some skill. Not advice.
As per Elliott Wave it is very common for a 5th wave correction to retrace back into the territory of wave 4. So if a downtrend is on then the correction could find its way back to the $2040 - $1293 range.
If price has topped however, price could go much lower. I would be targeting the 0.5 fib $595 to the 0.618 $371.
For now price is yet to pass first hurdle and I'll just watch and see how it behaves. If it could even get to the previous wave 4 that would be a very tasty short.
Shorting is very aggressive. I don't recommend it. This is as much to hopefully show some skill. Not advice.
Operación activa
Nota
Price has tested and rejected horizontal neckline of H&S, will probably carry on down from here.Operación cerrada: objetivo alcanzado
I'm all out here at 2K and will consider to stagger back into a short position once ETH and BTC reach resistant points.Its been a great trade.
Broker I use: Vantage ✨
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Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
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Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.