ETHUSD H4: XABCD Bulls 2 options: BUY LOW 800USD (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup ::: ETHUSD H4 chart review/outlook ::: speculative XABCD BULLS setup ::: two primary options on left/right ::: point C is either 786 or 113 extension ::: expecting second leg of pullback soon ::: point D/PRZ is 800 USD ::: expecting short-term second stage of ::: the pullback into US President Inauguration Day ::: higher risk TRADE SETUP: SHORT NEAR point C ::: either 786/113 extension. this is higher risk ::: recommended strategy: BUY LOW point D/PRZ ::: best ENTRY BULLS is near 800 USD ::: TP1 bulls is 1000 USD TP2 bulls is 1200 USD ::: good luck traders! ::: and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS/BOUNCE OFF THE 800 USD ::: Sentiment outlook short-term: BEARS/PULLBACK
A lot of analyst are going to the moon 50k,100k,...already for this week , next week, crazy ! but youa re have your feet on the ground i sssssE. I am also bearish and think that we will restest the 780-900usd zone just because we did need to pull back from someshere, and in the grapshics, RSI is very high in the weekly and the candles very far from 21 SMA (where it bounced lastly). I add you in my list and follow you here. Great work ! thanks.
CryptoeChris
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With all due respect but BTC has stayed on 35k support and now close to 40k shouldn't this make ETH bullish and new ATH? Im confused on why we still have lots of shorts,
ProjectSyndicate
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UMAUSDT H16: 100% gains THE BEST level TO BUY/HOLD(SL/TP)(NEW)
cdubbya
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Looks like we're tuning closer to option 1 at this point. I'm anticipating downward pressure for the within the next 3H candle and continuation on to the following in the 6HR if my theory it holds.
What are everyone else's thoughts?
WineTrader888
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Rekt
Fractalos
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IS it still working?
ShotGunJoe83
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Hi ! So, i guess option 2 is off the chart now? Is option 1 still viable? thx
cdubbya
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@ShotGunJoe83, Option 2 looks more accurate at this point. Move Point C to ATH, which positions point D at next BTC bottom if we turn down again. There's time in this week's candle for that dip..or will it be next? Or will we continue upward. Time will tell.