ChristiaanvanderMerwe

Double Top on ETH anyone?

BITSTAMP:ETHUSD   Ethereum
I am bear biased, simply because that is what price action is telling me. Double top formation at resistance with regular bearish divergences on a number of different momentum indicators. I would love to start the next macro bull trend, however there are better places to enter if you have exited in profit on this run up, either on confirmation of a 'breakout' or on the lower trend-line of the broadening descending wedge as shown in the chart. This will also follow a classic Wyckoff accumulation schematic.

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