ETH is showing an identical picture as Bitcoin, slightly weaker though, It has dropped out clearly of it's bearish flag (rising wedge). A drop to that green line is almost a certainty. It it drops below the $900 than it triggers a H&S wich has a target around the 825
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Textbook pullback to the neckline again around 900,
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I have closed half at 840
Komentarz:
Target reached and even went further, i still have the remaing short position. I am using the green area as a stop now. Because if Bitcoin drops towards the 8500, ETH could drop to 700 and maybe even the 600 again