Until proven otherwise, ETH is acting like an asset that’s finished distributing and is now preparing for markdown. Don’t chase candles; sell the rallies that test supply, respect your invalidation, and let the structure do the heavy lifting.
618 retracement didn't get hit. that's unfinished business. I'm short but already took profit and stop is in profit. If BTC so much as sneezes towards up ETH could make another high. And high mark is a hard sell for me.
there are so many fractals, ill show you below. Each high has 2 attempts. I bet a lot of people see this too. so the big money could easily wreck them just before the biggest move down. I expect the lows below 2450 to be taken for sure. But will it pop to that htf 618. BTC could just bop around sideways and ETH could pop up and finish that 618.
I see BTC making a move lower but then ultimate up for one last hurrah, one last HH. Ill post that chart below also.
(Education only – manage your own risk.)
618 retracement didn't get hit. that's unfinished business. I'm short but already took profit and stop is in profit. If BTC so much as sneezes towards up ETH could make another high. And high mark is a hard sell for me.
there are so many fractals, ill show you below. Each high has 2 attempts. I bet a lot of people see this too. so the big money could easily wreck them just before the biggest move down. I expect the lows below 2450 to be taken for sure. But will it pop to that htf 618. BTC could just bop around sideways and ETH could pop up and finish that 618.
I see BTC making a move lower but then ultimate up for one last hurrah, one last HH. Ill post that chart below also.
(Education only – manage your own risk.)
Note
I dont like that this 618 didnt hit. and this other VAH. make me less confidenct in my short. so i have already taken profit. Note
look at these fractals. M with the middle part lower. over and over i was in disbelief and missed the long on the last one i did not think they would run that one again Note
then look at these highs they all look the same. i think now they might break that trend. im short and expect down. but as i said ive taken profit. Note
this is my TA on BTC. obvioulsy ill have to read the new data when more comes in. i could change my veiw by this evening.Note
i planned the yellow line in advance.. so i caught the short at the most high. Note
the unfinished business on eth hit. i said i wanted a sfp of the VAH from the AR and the 618, i didnt like that it had not hit. i took the shortNote
closed the short at a nice profit when i saw it going up. everyone thinks down including me so im cautious.. i really think the ATH will be taken i just dont know when 
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When I make a post, i will continually make updates while the PA is building and moving so you can follow my thinking. Follow for notifications. Boost and make comments to let me know you care.
Disclaimer
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.