Eloquent

eth - bearish backtest?

BITSTAMP:ETHUSD   Ethereum
this trendline has held as support since last year, after the covid crash took place.

we bounced off it quite a few times, until tonight when we broke below it for the very first time.

will this be a bearish backtest \ continuation for a deeper drop?

or is this just a trap?

i caught a short near 4k, and i dont intend on selling this unless the market gives me a reason to.

full moon is on the 18th, that's around the time i'll be looking to take long positions,

till then - i'm riding this down.


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