The ETHUSDT market has not seen much chance of going in any direction,
The market has slowly moved up with a small U-Turn after it was dumped from 2,79 to 2,647 but is eating rejects 3-4 times while still near 2,685. See also in your pic 2,677.51 coming up with little red candles meaning it's hard to go up.
In the previous picture, it was 79% Long now reversed to 79% Short. I mean everyone is into Short now. When everyone gets in on one side, the market liquidates them with a small pump to the opposite side.
In 15m as I see it:
The 60% chance is down to: If 15m below 2,675 gives a candle close there is more chance of going to 2,660 first and then back up to 2,647. It will be about $15-30 down.
40% chance upwards: If 2,685 breaks and goes up, the Short's Stop Loss will hit and there could be a quick Short Squeeze from 2,700 - 2,710. #ETHUSDT. #Ethereum
The market has slowly moved up with a small U-Turn after it was dumped from 2,79 to 2,647 but is eating rejects 3-4 times while still near 2,685. See also in your pic 2,677.51 coming up with little red candles meaning it's hard to go up.
In the previous picture, it was 79% Long now reversed to 79% Short. I mean everyone is into Short now. When everyone gets in on one side, the market liquidates them with a small pump to the opposite side.
In 15m as I see it:
The 60% chance is down to: If 15m below 2,675 gives a candle close there is more chance of going to 2,660 first and then back up to 2,647. It will be about $15-30 down.
40% chance upwards: If 2,685 breaks and goes up, the Short's Stop Loss will hit and there could be a quick Short Squeeze from 2,700 - 2,710. #ETHUSDT. #Ethereum
