ETH.Usdt (Y22.P1.E4).2 Strategies trade approach

Hi All,

#ETH #ETHEREUM

The rejection was at the 618 level, typical for a lead in trend line and the prior price action aligns with 2 macro strategies.

a) Bump and Run
b) Wyckoff accumulation

Combining these 2 is not as one looks for the bottom and the other looks for a confirmation of a bull run.

For now, I'm looking for Wyckoff accumulation schematic to find the bottom and I believe the ST in phase B is taking place and it will be 1 of 4 potential formations then after. Note the wedge and if it breaks out of that key level, short.

FYI, I'm shorting since we dropped the EMA.

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All the best,

S.SAri

The only issue I have to remain bullish is the cross over of the EMAs
approaching the weekly 50 EMA should expect a bounce.