tradedevil

Of course every crypto trader sees this... self fufilling or...?

COINBASE:ETHUSD   以太坊 / 美元
892 4 12
That is a pretty H&S . Bears will see this going much lower. I'm a buyer at the 61.8 of we get there... Stop just below the 78.6. Just another trade setup. We all trade what we see. I see a gift coming in for a perfectly technical trade. Nothing more. But if it breaks, Its good to know where the bears think it will go...
Crypto Trading and Education - https://goo.gl/AUxrWz
Thanks for this, are you still expecting to drop?
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tradedevil juanlamarca
@juanlamarca, Actually, I was looking for the buy at the 140-150 zone. As it has now broken out of the channel, I'll be watching the reaction at the 78.6% as it's been reacting to this fib frequency. See my previous post. If it can break that and hold... that's a very strong signal for the uptrend and I'll be looking for the next pull back to the 50% zone for an entry.
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My prediction : price floats down to the .5 level where buyers will step in to continue a bull pattern into the week . I'm hoping Most sellers should be exhausted at 618 level preventing further pull back . What's your feedback ?
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tradedevil simonklasz
@simonklasz, Just as I outlined. I'm with you. I buy half at the 50%, I'll add at the 61.8 with a stop below the 78.6. That's how the algos are programmed and I just try to surf in their wake...
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