This is a quick down and dirty post. ETHUSD fell from 160 and made a consolidation triangle which broke down and now appears to be creating a falling wedge reversal pattern. I have been spamming a lot how I think we will be continuing our way up and this pattern is inline with that. At first glance you get one triangle pattern after another if you ignore the long wick down but if you include it you get a larger falling wedge. You can play the forming triangle by itself or expect it to perform as part of the larger trend, which I see as bullish.
Trade closed: stop reached
We fell out of the wedge in a decisive manner. I am out of ETHUSD and shorting BTCUSD until it hits the base of the falling wedge I have beep posting about for the last couple of weeks.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.