Going to play this range on ETH

25 Feb 2019

This appears to be the same money being moved around. I plan to long the green zone, short the red zone, and hold or stay out while in the top area of the orange triangle unless Jesus comes out and convinces me I need to trade there. The chart is minding the technicals. There was a mountain of evidence saying we were due for a big correction, and it seems to me to be too soon for the MA's to cross over and allow us to exit the bear market. I have 3 lines telling how we arrive at the bottom. 1 just because there has to be a chance that we've already bottomed. I really think this thing has to have more time to let the 200MA get down closer to the price action and get all tangled up with the 50 and 100 though.