TheChartGuys

ETH Hourly Equilibrium Clear

COINBASE:ETHUSD   Ethereum
After the correlated dump to BTC yesterday with the addition of BCH to GDAX,
we are perfectly in an hourly equilibrium pattern as anticipated in the youtube video last night.
We have a double top at the most recent high, and if we cannot break this level we will consolidate this morning before a break of this pattern this afternoon.
Significant gains on the bounce for the bulls, and a bullish break of the equilibrium will prove all is well with the big 3 and the FUD was temporary.
A bear break and the trend will belong to the bears for the time being and our trading style will significantly shift to react to this.
LTC is going to break the tight range first, so watch for potential correlation clues.
Do not force trades, do not act on emotions, always have a game plan, and stick to it.
Learn technical analysis to the point you are confident and comfortable, or second guessing yourself will cost you money at times like this.

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