Considering recent China and US moves, a concept called “Terminal Escalation” popped into my mind. Hopefully a shooting war with China is not inevitable.
If you've made some good scratch today, it might be better to remain flat for the rest of the day. At any moment from now until ETH close today, Trump is going to tweet about what he's going to do with China, and it will drive markets haywire, again. To the downside.
yes i can see that on my chart lot of divergence but over all, the short signal is stronger, a little more weight to it for a bigger profit but will play along with finger on trigger, right now both long and short, i am taking only highly probability trades and exiting with reasonable points.
Don't risk going long today. You may get lucky and catch a dead cat bounce, but if you're up nicely for the day, just sit on your hands for now.
so whats the news finally. i have my sights set on 50 and below, but would be good to know whats going on in the world.