Hi Ethereum has reached the upper limit of a "Bear Channel", see chart.
The expectation is that it will return to the mean (dotted line).
By placing your stop above the 2nd of theHhigher Highs and entering short at current price the traget wil be a mean reversion trade.
This represents a 2:1 Risk Reward - Risk $1 to make $2..
Hope this helps,
Sean Vengan
Professional Cryptotrader and Trading Educator
Sean Vengan. 10+ Years Professional Trader. Learn to Trade Bitcoin and Altcoins Beginners to Advanced.
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Hi man what do you think about the bitcoin price for the next week? i think we will see the price between 1800-2000 USD are you agree?
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Hi, I am producing a video on my YouTube Channel later today showing my view on Bitcoin https://www.youtube.com/channel/UClQ0zzuvWrrhLqdxOvQ4vTQ
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Understand but what you say while
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Hi there,
I subscribed to your site after reading some of your posts on Quora.
I'd love to start understanding this world :)
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