🔥 The previous 15m candle was a huge bullish candle on 6.5x volume, smashing straight through the 12-hour high at 0.81770. It closed at 0.81860.
The bulls put on quite a fireworks show.
But with all 7 strategy signals lit up, the conclusion is just two words: no entry. 😐
Looks great to watch, but chasing it would be a mistake.
Of the last 96 candles, 91% are bearishly aligned. CCI is 170, RSI is 64.7, and price is +4.10% above the top of the moving-average cluster—it’s flown too high.
The 1d chart is still below the moving-average cluster, and BTC/ETH are both leaning bearish.
This breakout is a test, not a victory party. 💣
📍 I’m watching 0.75224.
Only if it holds on a retest and the 1h chart stabilizes will there be grounds to talk about going long.
Otherwise, 0.81860 is a bull trap at the top.
Are you bullish or bearish? See you in the comments. 👇
#ETH #BTC $ETH $BTC
The bulls put on quite a fireworks show.
But with all 7 strategy signals lit up, the conclusion is just two words: no entry. 😐
Looks great to watch, but chasing it would be a mistake.
Of the last 96 candles, 91% are bearishly aligned. CCI is 170, RSI is 64.7, and price is +4.10% above the top of the moving-average cluster—it’s flown too high.
The 1d chart is still below the moving-average cluster, and BTC/ETH are both leaning bearish.
This breakout is a test, not a victory party. 💣
📍 I’m watching 0.75224.
Only if it holds on a retest and the 1h chart stabilizes will there be grounds to talk about going long.
Otherwise, 0.81860 is a bull trap at the top.
Are you bullish or bearish? See you in the comments. 👇
#ETH #BTC $ETH $BTC
