ETH and BTC have both formed a textbook high-level sideways pattern that lures traders into short positions. If they can’t fall any further, the bears may be in for a one-sided slaughter 🩸
It’s not that the market simply can’t fall any further—it feels like it’s being held in place. In the absence of good news, that’s usually bad news.
But if the market remains stable at these highs despite no good news, that’s actually a fairly bullish signal.
You can take partial profits on the 2732 short position I mentioned last time—close half and lock in some gains for now.
It’s not that the market simply can’t fall any further—it feels like it’s being held in place. In the absence of good news, that’s usually bad news.
But if the market remains stable at these highs despite no good news, that’s actually a fairly bullish signal.
You can take partial profits on the 2732 short position I mentioned last time—close half and lock in some gains for now.
