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ETH-USD

BTC Short term Short play?Hi Guys, Here's my thoughts on the near term for BTC. As we are currently rejecting the lower high of the of this local up trend I'm am hoping for a move down to around 31k ish level ( the -1.618 fib). If this happens it means we have the lost the 4hr support level of around 32.2k ish (-0.618). If we then find support at this 31.1k area I'm expecting a retest of the 32.2k area which is where I will be taking a short in hopes of BTC testing lower support areas around 29.5k and 26.5k. The 26.5k area lines up in a very strong support area for BTC, which means I will most likely close my short and open a long on rest of that area. Any comments are welcome. Cheers.
BITMEX:BTCUSD.PShort
by BakeY
ETH/USD Short?Downtrend Fibonacci's: Yellow Fib: Resistance Zone to R/S Zone Blue Fib: Resistance Zone to Support Zone Uptrend Fibonacci's: Red Fib: R/S Zone to Resistance Zone Cyan Fib: Support Zone to Resistance Zone Analysis: I think ETH will lose its steam soon. In my eyes, price is currently testing the R/S Zone. The previous high wasn't broken. I believe price will reach the 61.80 to 100% on the Yellow Fib. If lucky, price will proceed to the 61.80/100% marks on the Blue Fib. I sold because price hit the 61.80/100% zones on both the cyan and the red Fib. Usually price either hits the 61.80 - 100% and retraces the previous trend. On the red Fib, price hit 100% and since it hit, price has been testing the support. I got in a little late but I have a good feeling about this. Strike Prices: (1324 - 1045)
KRAKEN:ETHUSDShort
by Redimere_91