ETHUSD weekend speculation

Mis à jour

Possible small short opening position forming..., but be careful, do your own do diligence.
Set up is Speculative because the market has admittedly behaving VERY Bullishly and IF you ae an eternal BULL this could also be a buying opportunity after the pullback pattern resolves itself lower

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A Low below 3445 it should drive the market lower to 3425 then if this becomes resistance the market should move down to demand zone

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Looks like a distribution pattern been waiting for a set up and too this one with a small opening position

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normally wouldn't short around such a big number 3500, but the false breakout recovery volume was so low and BTCUSD broke the previous b-wave lows, and ETHUSD has 3- highs up (distribution pattern) I took a change. again the position is small because it could linger around the 3500 for a while

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NOTE; I reserve the right to adjust my stop as I see fit

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Comment: Trade is now worry free, IF price continues lower I will ride it down.
IF price hits my STOP I will break even and will consider changing to a LONG trade

wolffarchitecture

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