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ETH/USD Mar 30
8am - the high of today's candle is lower than yesterdays high and the day before's high. We have to rule out today's candle as it has not closed. However, yesterday's candle was bullish with close higher than 50% of the range. Also to note is that every day's low has been a higher low than the day before with the exception of the on bearish engulfing candle on 20 March.
There is no sign yet that this is a high on a daily timeframe. Still proactively selling because it has "come so far" was the decision we made yesterday to solidify some of our gains. We put a tight mental stop on at 38000 BTC to re-enter higher if it continues.
Overall, we are still mostly long being 63% long and 37% cash as of this writing.
There is no sign yet that this is a high on a daily timeframe. Still proactively selling because it has "come so far" was the decision we made yesterday to solidify some of our gains. We put a tight mental stop on at 38000 BTC to re-enter higher if it continues.
Overall, we are still mostly long being 63% long and 37% cash as of this writing.
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