ETH Over-Extended - Looking for a pull back!

29 de dez. de 2018

ETH, like almost all cryptos, are highly correlated with BTC, and if my BTC chart is correct -- we should see a small pullback. These steep run-ups are not signs of a healthy market. The trading I am seeing screams manipulation. If you followed my trading ideas, congratulations, you are sitting nicely and holding on to some healthy gains over the last few months! I wouldn't hold too much ETH as I feel we will see some crazy volatility in the coming months. So, dollar-cost-average in ETH on the lows and stick to your trading ideas.

Follow me for accurate, simple analysis. I have added LTC and will continue to add more cryptos as well as stocks, bonds, options, and futures.

Best,

Biff

30 de dez. de 2018

Nota

You can see the auto-trading (Bots) happening to create volatility and drive out weak hands before the New Year. This is how crypto manipulation works. They hit the .786 and immediately fell to the .382 adding to the nonsense we are seeing with these candle sizes!
tradingview.com/chart/5ifcWusp/

30 de dez. de 2018

Nota

We have knocked on the door of the .618 fib 3-times on the 4hr since I posted this chart! REALLY? This is how these pukes program these algorithms. It's making me sick -- gonna watch an old movie; maybe blow some leaves off the porch!