We are starting to break this ascending triangle to the downside. While we could have support at this level to finalize this part of the ascending triangle. But....It's not looking like it, selling has picked up and it's looking like it's breaking to the downside. I will NOT be entering in for a buy to the upside at this juncture. The buy would have been valid if we didn't have a rebound in ETH/BTC and got some continuation, but there is to much selling pressure which has come across all of the pairs.
Points to watch for bounces: 9k, 8k, 6k. Last point with potential is 3.5k. The trade strategy is to set martingale points in case we get a sharp drop, that way you can pick up prices on the way down. Look up the martingale strategy if you don't know what it is!!
Trade safe everyone.
-Sherem
Points to watch for bounces: 9k, 8k, 6k. Last point with potential is 3.5k. The trade strategy is to set martingale points in case we get a sharp drop, that way you can pick up prices on the way down. Look up the martingale strategy if you don't know what it is!!
Trade safe everyone.
-Sherem
Commento:
Looks like the double top is confirmed, if it breaks 9.4k we are going down further
Commento:
Wave 2 coming in, breaking 9.4k right now. stops should start running and push it down more