ETHUSD is plotting very nicely on the 4 hour chart and has made two very good rallies to strike the 100 MA and more recently the 200 MA as you can see on this chart. I would hazard a prediction that it will consolidated down a bit from here and that the next big rally will predictably tag the 300 MA as I have charted. This will look like a trend line breakout and many shorts will rush to cover so the spike here may be fairly considerable but it should settle down again and move lower.
Maybe not, but it's just an idea...
I really think that BIG MONEY is holding out and perhaps even shorting at this point. They are not called SMART MONEY for no reason and they will not buy unless they are convinced that the bottom is in.
I am sticking to my strategy of buying all dips as the reversal points... well who can be 100% sure...
Maybe not, but it's just an idea...
I really think that BIG MONEY is holding out and perhaps even shorting at this point. They are not called SMART MONEY for no reason and they will not buy unless they are convinced that the bottom is in.
I am sticking to my strategy of buying all dips as the reversal points... well who can be 100% sure...