Hi All,
From my perspective, ETH looks like its forming a rising wedge pattern (on the 12hr) that is aligning perfectly for a double top scenario around $2k where I'll be looking to add more to my shorts.
This is in confluence with declining volume, as well, a re-test I'm waiting for on the RSI.
I DO like to mix TA with FA, and to me global macro looks horrendous. I think more shorts are going to get squeezed to the upper 2k level then its lights out. CZ can only print so much BUSD, right? LOL .
Stop Loss set at $2100.
From my perspective, ETH looks like its forming a rising wedge pattern (on the 12hr) that is aligning perfectly for a double top scenario around $2k where I'll be looking to add more to my shorts.
This is in confluence with declining volume, as well, a re-test I'm waiting for on the RSI.
I DO like to mix TA with FA, and to me global macro looks horrendous. I think more shorts are going to get squeezed to the upper 2k level then its lights out. CZ can only print so much BUSD, right? LOL .
Stop Loss set at $2100.
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This is going, so far, how I'd hope. Green boxes are areas I'm looking to DCA my shorts. BOL
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Just as I thought, short squeeze giga candle! First short entry $2100!
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LLLFFFGGG! Only my 1st TP hit at
2116
, but i had decent size on it. Printing now, will monitor for now.
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Sorry, meant short entry at 2116
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Closed this at 1987