alejandroscotti

I genuinely feel the pain of every crypto long term holder. I've been in crypto since 2014 and already suffered my losses back then. I no longer hold anything long term, when the trend changes, I go SHORT. This is NOT FINANCIAL advise. You can quickly open an account on any brokerage that offers SBIT and ETHD ETFs -2x SHORT and buy this Monday night. I'm sorry to say but, this collapse is only warming up. DO NOT BUY ANY DIP unless you're a professional trader!

Today's WEEKLY close is, perhaps, confirmation that the BEAR MARKET has started. The price CLOSED WEEKLY (end of Friday session) below two critical support levels $100,757 and $98,254 and it did so from far down at $94,123 , which means the price now needs to bounce back to test the $100,757 and then continue its decline back to $94,123 and perhaps $78,369 which is the first MONTHLY support and so on. A 75% drop from ATH would take it to about $31,450 .

BTC ETH should be deciding which direction to move to by next week. We need DAILY CLOSINGS above green resistance and Downtrend Line OR below red support to confirm in which direction it will move to next. The odds are that it's a BREAKOUT back to ATH with ETH, perhaps, maybe, blasting higher into January. BTC might not blast too much higher just yet. If the price does not breakout of the Downtrend Line rather quick, things could turn really ugly again next week.

Just a knee jerk high bounce before a waterfall event into Wednesday...

ETH-USD is looking to test the $2k levels by mid-week then a strong bounce is possible.

BTC is going down to the $94k levels by mid-week then a strong bounce is possible.

This is not good guys. I'm all in SHORT . It was critical for crypto to BOUNCE strong this week but it FAILED .

This is not good. I'm switching from LONG to SHORT or at minimum going NEUTRAL until the direction is fully confirmed.

BTC is going for yet another LOW today, perhaps just a DOUBLE BOTTOM. We have slightly different REVERSALs now, let's see if it's a LOWER or HIGHER LOW.

For ETH-USD the LOW seems to be in PLACE. It needs to close DAILY above $4,264 so it can then move up strongly to fill the GAP to $4,860 . There is a POSSIBILITY that ETH could SWIFTLY rush back up to $4,757 BEFORE the close of this month NOVEMBER ! watch out!