ETHUSD- Corrections can't get more textbook than the one on Ethereum. Its the classical A, B, C correction. So, if you missed the first crypto bull run from 2010 - 2021, don't worry, we are going back to the roots.
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The selling pressure is evident. I moved my stop loss to breakeven, just to be safe. With crypto, anything can happen. I suggest you do the same.
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Classic!
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400 PIPS!
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Expecting ETH to bleed after the FOMC maintains the Dollar rates at 5.25% later today. So far, so good. The idea remains intact.
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ETH BLEEDING!
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By the end of 2023, ETH will be at 100-200. This is the short term view. On the long term, ETH will rise. AI will need a digital currency to fully dominate all aspects of our lives in the future.
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The idea is still valid. What is happening with BTCUSD is a bulltrap. Dont be trapped into buying crypto now. Short term its bearish, but long term is bullish. Its not yet time to buy.
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Wait for price to make a double top at 2100 before selling.
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BTCUSD selling zone is around 33000. But it seems that ETHUSD bulls don't have a lot of bullish momentum for one final push. ETHUSD bears may take over, and push the market downhill from here.
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Looks like ETHUSD price is technically 'stuck' at these levels. Since the bearish momentum is lacking, we may see a price spike to previous highs before the bears come in.
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ETHUSD setting up for a nosedive !
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200 PIPS STRONG !
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The C Wave has just started. ETHUSD bleeds !
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350 PIPS FLOATING !
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Watch out for the next nosedive on the weekly TF !
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A shooting star candle on the weekly TF is a strong indication of the bearish momentum building up, as the sellers push the price back to its open price !
Nothing funny at all about the price following the A, B & C pattern is there ? I would have to say fairly accurate in fact. All we can do now is wait and see if it continues to follow the pattern downward. Unfortunately no reason given for the movement, so only 3 out of 5 stars ***
privatedvlper
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@WMWToronto, Lets wait for more price action. Especially the close of the monthly candle.
privatedvlper
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Many Thanks!
WMWToronto
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So , a continued downward movement until the end of the year. I guess I should keep my ETH3S/USDT position on KUCOIN open for a while longer then ?