#ETH RSI on long term Resistance. Last time it was at 3D resistance and we saw the big drop. Now it is on weekly chart, big downside if weekly close below trendline
Short on #ETH above 2430 will add in parts. Any spike upside is expected to be sold
Stops above 2680 #RedMAY
#ETH down from 2460 to 2320.
Resistance is strong, dont ape in longs.
Possibly there can be a spike to 2500 but not expected to sustain.
BTC is not supporting at all.
Added 2nd part of short 2530. Planned shorts in 3 parts over days. Average 2470
If anything goes wrong will close these 2 parts itself or will add 3rd part on confirmation.
By weekly close prices should come down again.
#ETH down to 2250 low till now.
Yesterday's wick shows clean rejection of 2500 zone.
Hope to see more red in coming time
Sell on Rise
As mentioned my entry price around 2460 and here is profit.
Still holding some Position for bigger Target.
Had booked half position at 2150, building shorts again from 2330-2450.
BLINDLY shorting #ETH above $2400
Targets are amazing, and it will happen in a week or two.
Alt marketcap can take serious hit in next 2 months
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#BTC Long term Chart Analysis and views 1/n #Bitcoin is becoming mainstream asset and moving towards stability with respect to price. Adoption will keep on increasing no doubt. Looking at the price movement it seems price is slowing down with respect to time.
2/n Any of the last two tops are not reaching the previous resistance line. This indicates price is moving slow.
On long term basis it is expected to go beyond $150k-$200k. In my opinion Buying #BTC is best near the Blue curve as that is long term support.
3/n From one Bottom to Top gains have been reducing for #BTC. This can indicate Adoption is reaching saturation for #Bitcoin.
Looking at Lows, one low didnt go below previous top. This indicates more long term HODLers. which is good for price as supply is reducing over YOY basis