Anthony Speciale Stock Market Analyst

Better Way to

WEALTH
MORE MONEY, MORE QUICKLY, MORE SAFELY.

Is ETH Setting Up for a Breakdown?

ETH remains under pressure. So, it’s just a matter of finding the proper analysis setup and executing my 1% trade plan.

First off, I’m not a holder of digital currencies.

In fact, I don’t even care for them.

When I trade or invest, I prefer to trade or invest in something that is physical, deliverable and valuable.

The world existed long before the metaverse, digital currencies and non-fungible tokens (NFTs).

Business was done… Millions, billions and trillions of dollars were made and spent.

While all this new stuff is exciting, it will all remain an “idea” to me until it really becomes mainstream to the greater public.

You may disagree with me, and that’s perfectly fine!

With that said, I have many students who desire to know my thoughts on these “ideas,” as they wish to participate in trading and investing in them.

The BTC Short

For that, I do spend a handful of time analyzing the charts related to them.

I even identified the short opportunity on BTC recently and shared it with my readers.

You can find the details of this trade idea on my TradingView account right here.

I was able to identify the opportunity based upon my weekly settlement analysis strategy and employing my 1% confirmation blueprint.

Here are the results… Over $9,000 worth of price action opportunity on the short side!

Weekly Chart of BTCUSD – Source: TradingView

This trade worked out really nicely… But I have another one in the works right now.

That’s right, another digital currency play is in motion. This one is happening in Ethereum (ETH).

Let’s check it out…

ETH Breakdown

The broader digital asset sector remains under pressure and is clearly trending south.

So, it’s just a matter of finding the proper analysis setup and executing my 1% trade plan.

That’s exactly what’s happening on ETH…

Weekly Chart of ETHUSD – Source: TradingView

As you can see in the chart above, we confirmed a short on a weekly basis at $2,140.

The trend is clearly in a downward trend, and we’ve indicated a stop at $2,975 and a target at $1,175.

The next step is to seek the opportunity to reduce the risk by advancing the stop.

We’ll have to wait to see how the price action prints on the chart and then make that determination.

But for now, this trade is working its way in the anticipated direction.

I’ll do my best to keep you updated on this idea as it progresses.

Get Involved

Every week, my good friend and professional trader Josh Martinez analyzes the BTC & ETH markets as well as the major stock markets inside of his entry level futures trading service, Futures War Room.

Josh is one of the greatest futures traders I know. We often bounce ideas off of each other as we analyze the market.

He describes his futures trading strategy as possibly “the world’s most profitable side job”…

This strategy helped Josh turn an initial deposit investment of $500 into $39,282 in less than two years.

All you have to do is access a little-known portal in your brokerage account and start copying Josh’s strategy — step by step, and trade by trade.

It really is that simple.

If you’re interested in learning more and how you can take on the digital currency market, consider checking out his latest presentation right here!

Rules to Live By

“There must be those among whom we can sit down and weep and still be counted as warriors.” Adrienne Rich

Until next time, I wish you a beautiful and blessed day!

Yours In Trading Success,

Anthony Speciale Jr.

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