ETH's short-term bullish opportunity?
First, pay attention to the ETH/BTC exchange rate. 0.0479 is the iconic previous low, which overlaps with a non-standard bullish butterfly. There is a divergence in MACD at the 4H level. If it can hold around here or knock down the liquidity below 4790 and then recover, ETH will have a period of strength.
Pay attention to the ETH chart at the 1H level. There are several places worth paying attention to. VAL is around 3210 and there are 2 pin tests. If it matches the trend of the ETH/BTC exchange rate, is it possible to fall below it again and then recover? There is a parallel top near 3683 that has been tested many times, and it is about 20 US dollars away from 0.618, but it has not come yet. If this period is regarded as consolidation, there will be an extremely left-side gartley expectation, and its formation position is about 3880, which overlaps with the upper edge of a 1H level gap.
Therefore, if the bullish butterfly of ETH/BTC is established, ETH's gartley is also likely to be formed. You can do a long and then try to do a short.
Violent bulls can place long orders on the left ladder below 3210, aggressive bulls can place long orders on the left near 3155, and conservative bulls can enter long orders on the right after breaking through and recovering near 3210, with a standard stop loss below 3050.
I don't like to watch the market, and prefer left-side trading strategies. Trading strategies are time-sensitive. All remarks do not constitute any investment advice. I wish you all good luck~
Regarding copying orders, I would like to remind you again that I am a low-frequency trader, I need to have enough patience, and I may open a reverse order. If the total investment amount of copying orders is too small, it is meaningless.
