ridethepig

The Escape

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ridethepig 已更新   
BITMEX:ETHUSD   None
The position arising here is another freeing move.

After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions;



The analysis of the starting position was showing us the ABC sequence had been fulfilled and buyers were ready to conduct a flanking attack. This quick-witted move was administered with precision. In this case, the china noise is the same as someone being threatened by a mugger with a weapon, and the person deciding to grab on, continuing to hold, in an attempt that they cannot be hit.

評論:
not much to update here, we are still stuck to the same pivot level until further news/data
評論:
almost at TP2...
交易結束:目標達成

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