Technically here are some major indicators on the daily chart:
1. is negative and no signs of divergence or bottoming
2. Overall down trend.
3. has been turned down and staying negative
On the smaller time frames, things are starting to fall in line which means we will get a further push to the down side. As i am writing this, ETH is breaking this short term , which would indicate a fall to at least 660 area.
At this point, I will be playing any bounces as they move down. I would look for a minor bounce at these recent lows at 660 and serious support at the 600-620 area. I will not be putting buys in at 660 as I feel the bounce off of there will be minimal. I will be looking to put buys in just above 610 and in the 600-620 area.
I have outlined what I think is the highest probability move at this point. As always, MAKE SURE YOU MARTINGALE your buys. If this thing starts running you want to be able to have options to buy in lower. Read up on the strategy if you have not already. We already made some scalps while this thing has been moving down.
Don't stress, don't use leverage and pick your points!!
Calling the top -
Identifying the H&S -