We are at support on yearly pivot. There is a spring pattern forming, still to early to call it that though need to keep a close eye on 8k. I am long here very risky.
SFP AND SPRING BELOW 9450~ IF THE PATTERN PLAYS OUT THEN THERE WOULD BE A PUMP ON MONDAY OR TUESDAY AT LEAST TOWARDS THE THE NECKLINE OF THE PREVIOUS DUMP.
TOOK TOP LIQUIDITY 2 TIMES NOW WITH 4035 BEING RUN, PEOPLE ARE TRAPPED. HOPING FOR A WICK DOWN INTO 39XX AREA AND THEN MEGA MOON TO DOUBLE TOP AT 4240.
I WOULDN'T LONG THIS NOW, TOO MANY PEOPLE TRAPPED AT 4040.
The latest 4HR candle looks disgusting, doesn't look like we will recover it. I like to see a big pump in ETH to confirm a real XBT move up like the last pump, I'm not seeing this here. Huge SFP which makes me short term bearish, maybe a bart down to 3730ish to test support and then again to test 4k.
Low volume weekend back at it again with the confusion. On one side there is a clear Swing Failure Pattern top which is a huge bearish indicator in my book. However, the previous rejection was swallowed and test of the demand box makes me lean bullish. Still looks like a bull trap until you take out and consolidate above the top. I feel like another tap out for...
Price sitting above support line in an upwards channel. Nexus seems to be on time with their satellite release in March 2019, this looks like a local bottom before a pump to the top of the channel or potential break-out with the right hype on release.
0.002500 and below looks good to buy, 5% stop loss
