biffbifford

Fading Away from the 50 dMA with rounded tops forming.

BITFINEX:ETHUSD   Ethereum
The short interest is rising while price degrades. If past price action around $200 is prolouge we can hope for the price to inch closer to $200 while short interest continues to rise to allow for my previous trade set up of dollar-cost-averaging under $200, and waiting for the short squeeze to propel you north for a nice 20+ percent scalp. These trading setups are easy to spot. Notice the topping tails on the 4 previous days as price tries to probe higher, but fails. Set your alerts, and watch the short interests. We might get another chance to make a nice profit in the coming days, or at the minimum get a trade entry and a long play waiting for the squeeze to play out.

Good luck!!

Penafian

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