ETH daily (picture perfect market cycle) bearish short term
Current ETH chart is showing bearish signals... on the weekly we have a Bearish Harami candle stick, on the daily we have a classic: Three Phases of Primary Trends structure.
1) The accumulation phase
2) The public participation phase
3) The distribution phase
The distribution phase also has a nasty looking double top. All my crypto positions are long term, multi-year... I'm only trading options now (less risk) but if you are trading ETH, I would take some profits now.
1) The accumulation phase
2) The public participation phase
3) The distribution phase
The distribution phase also has a nasty looking double top. All my crypto positions are long term, multi-year... I'm only trading options now (less risk) but if you are trading ETH, I would take some profits now.