ethereum 🌌
Aggiornato
A black hole is a region of spacetime where gravity is so strong that nothing —
no particles or even electromagnetic radiation such as light — can escape from it.
The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole.
Last night, a black hole was formed in the region between 4300~4400.
A 2 year old trendline failed to hold as support for the first time since the 2019 lows.
I'm expecting this trendline to act as a magnet for a bearish retest, before continuation to the downside.
I'm not entirely sure about a price target due to this abnormally long wick, but a raid of the local lows could be a conservative target.
🌌🌌
👇
no particles or even electromagnetic radiation such as light — can escape from it.
The theory of general relativity predicts that a sufficiently compact mass can deform spacetime to form a black hole.
Last night, a black hole was formed in the region between 4300~4400.
A 2 year old trendline failed to hold as support for the first time since the 2019 lows.
I'm expecting this trendline to act as a magnet for a bearish retest, before continuation to the downside.
I'm not entirely sure about a price target due to this abnormally long wick, but a raid of the local lows could be a conservative target.
🌌🌌
👇
Commento
if eth breaks back above the trendline, then this initial move down was a really nice trap \ shake out.if we could get back above the trendline + consolidate up there for a few days, then i'll flip bullish.
Trade attivo
Commento
Covered half my leveraged short right here for +22%.Will add at the 0.618 for the wave 3 swing ~
Commento
stoploss at breakeven, not looking for a reshort just yet.there's a cme gap at 53k via btc1!, and its possible we raid it into this new week before continuation to the downside
Trade chiuso manualmente
too much chop for my taste, i rather sit in cash for the time being.sold the rest of my position for +16%.
Commento
tagged the trendline here, watching for follow through in either direction.bullish above, bearish below.
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