All alts coins seem to be following the same patterns here, responding to Bitcoin's behaviour and as expected only become bullish as soon as BTC shows ready for healthy corrective waves; up out there in the parabolic air, alts lose both when btc goes up as well as down.
When ETH breaks up well above the 322 level with decent volume, I am bullish as it will confirm the start of wave 3.
Until then it looks like E may not have been hit yet, therefore shorting 316-322.
When wave 3 starts you are going to want to be ready,
- ETH/BTC's wave 3 already seems to have started ( it forces eth down regardless due to profit taking into usd, aka money printing).
- Koreans have started to take over their beloved market share; and must be stunned by why USD keeps dumping, suppose they don't care much for chart painting.
When ETH breaks up well above the 322 level with decent volume, I am bullish as it will confirm the start of wave 3.
Until then it looks like E may not have been hit yet, therefore shorting 316-322.
When wave 3 starts you are going to want to be ready,
- ETH/BTC's wave 3 already seems to have started ( it forces eth down regardless due to profit taking into usd, aka money printing).
- Koreans have started to take over their beloved market share; and must be stunned by why USD keeps dumping, suppose they don't care much for chart painting.
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Great, take some profits between 300-307 and move stop on your remaining hand to break even.
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I mean, that's what I'm doing!
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BTC is likely to hit 6700 here, re-shorting any eth squeeze above 315.
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there we go, sold my eth on that bounce and getting ready to short if it pushes higher.
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Closed eth shorts, careful.
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@admin perhaps a preview feature to see how charts will actually look like before publishing..