ETHUSD. Awaiting 226 if "W" plays out

This is something I missed cus trading on Bybit where the chart lacks historic information.

Opened Bitmex chart and discovered my old drawings, whereby I marked solid HTF support with fat green line, it is 159.5.

The price has provided a double bottom from that level and successful breakout away from 196 will send price to 226.

Fingers crossed, bullas do something :)

Commentaire:

I like what im seeing so far. Daily close above 185 and bullas are safu

Transaction en cours:

No easy play. Wicks on the both sides. Hourly and H4 provided flat-top triangle which is about to expand.

Transaction en cours:

Not much reaction on what I called a flat-top triangle. This consolidation has taken far too long.
185 is still the first resistance to fight.
If it wasn't for the preceding huge impulsive move provided by BTC I would have been out by now.

ETH

Transaction en cours:

I like this H4 close. The mission for today is to stay above 185

Commentaire:

Also just look how much price respects the level, a pleasure to watch

Trade fermée manuellement:

I closed my position because I see that both BTC and ETH struggle with first resistances.

I think having marginal position on HTF play is no good.

I am still biased to long ETH and BTC but will try to do so on a pullback.

Below I am showing the reason I decided to give up my position. If we are to go up, the pullback will be a good opportunity to buy