Volume surged 4.7x, and a bearish candle smashed straight through the 12-hour low of 0.26669. $CT received 0.26434. 😳
This 15m candle is pretty scary: volume shot up to 11.41x, and the price hugged the moving average all the way down, with the suffocating pressure of a full bearish alignment.
I’m shorting, not going long. 😤
And I’m not buying the dip here either.
The MACD histogram has only just appeared at 0.00006, while DIF / DEA are both at -0.0046 and haven’t crossed above the zero line. The larger 1h trend is still pressing down in bearish territory. CCI is at -136; in the last 96 candles, it only dipped to ≤-250 once—not even extremely oversold. 📉
My plan: no position. I’ll wait for the MACD histogram to get back above the zero line. 📌
0.26434 is the dividing line—if it holds and the histogram turns positive, I’ll consider making a move. If it doesn’t hold and CCI plunges to an extreme like -250, that’s when we’ll have a real opportunity.
What do you think—is this a genuine breakdown, or just a shakeout before a rally? 🔥
#ETH #BTC $ETH $BTC
This 15m candle is pretty scary: volume shot up to 11.41x, and the price hugged the moving average all the way down, with the suffocating pressure of a full bearish alignment.
I’m shorting, not going long. 😤
And I’m not buying the dip here either.
The MACD histogram has only just appeared at 0.00006, while DIF / DEA are both at -0.0046 and haven’t crossed above the zero line. The larger 1h trend is still pressing down in bearish territory. CCI is at -136; in the last 96 candles, it only dipped to ≤-250 once—not even extremely oversold. 📉
My plan: no position. I’ll wait for the MACD histogram to get back above the zero line. 📌
0.26434 is the dividing line—if it holds and the histogram turns positive, I’ll consider making a move. If it doesn’t hold and CCI plunges to an extreme like -250, that’s when we’ll have a real opportunity.
What do you think—is this a genuine breakdown, or just a shakeout before a rally? 🔥
#ETH #BTC $ETH $BTC