History repeats itself, NVIDIA setting up in the same pattern it did last time before the drop. Nice short opportunity? You tell me.
The overhyped rebound on bitcoin was overly hopeful, technicals will be your friend in the coming months. If youre an active trader watch for a small rebound and then short after 4500 gets rejected. 3080 target for next buy and even that will be bearish and only a decent buy for a short period. I will continue to follow update my charts.
Correction is already underway but before EOY i see recovery
Current strategy: Buying at downward range of channels and scalping in the upward channel ranges, stop losses when the trend begins to shift into a new downward channel. Outlook: Until a definitive direction is confirmed i remain short on this position.
After a severe stress test to the Ether chart things are starting to look bullish. Eth/paired alt coins are pulling back as well and Eth is climbing respectively. Although, I am not long on this position at the moment, but the short term potential has a great risk reward ratio.
Let's see if this thing has the juice to break resistance. Time will tell.