ETH Evening Strategy: Chart Analysis: There's a bullish trendline on the hourly chart for Bitcoin. If this trendline is broken, the price will likely fall sharply, and you won't be able to catch it. For those wanting to short, wait for the trendline to break before shorting. Set a stop-loss order as shown in the chart; the stop-loss might be a bit high, so only use half your capital. Continuing with the chart: A widening megaphone pattern has appeared on the hourly chart for Bitcoin. If this pattern isn't broken, the price won't rise significantly. Wait for a breakout of the megaphone pattern before going long, but set a stop-loss order. 🍅 If Bitcoin holds above 4030 on the hourly chart, the upside target is 4100-4142. If it doesn't reach 4030, don't expect further gains. On the 4-hour chart, a break below 3990 targets 3930-3881. Currently, there's no need to enter at this in-between level. The outcome will be decided at 2 AM tonight; it will be a life-or-death situation. Those worried about being stopped out are best off staying out of the market and waiting for calmer conditions tomorrow before looking for an entry opportunity. The volatility this morning is likely to be significant. Meeting adjourned. $ETH #CryptoMarket Correction {future}(ETHUSDT)
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