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dchua1969
Jan 21, 2018 12:00 AM

Chart say sell,what do you say? Short

Ethereum / U.S. dollarBitstamp

Description

Price action rejected by the 618 FIB level, expect a pullback . Day chart is bullish, with price closing above 21 EMA, once this pull back is completed, we will review again.

Comment

thank you mr market
Comments
rlocsin1286
I saw it too and sold at 1150. Great call.
dchua1969
@rlocsin1286, congrats
BearVsBull
Anyone else see a rising wedge?
dchua1969
@BearVsBull, a good one. there are many ways to slaughter a cat ,haha. If you are comfortable using patterns like flags, wedges, go ahead and form a strategy with it. All the best to your trading.
rszabo021
No one knows
Box1515
I'm holding a few coins so I would like to say bull, but charts all saying bear on the short-term.
Kiran108
No its still bullish
dchua1969
@Kiran108, thanks for your comments. I think using the term; "bullish" or "bearish" would depends on one's timeframe of entering the position. Maybe, in the long term, it is still bullish, but to me, it is bearish as you can see from the chart.
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