The Big move up today was very Fast, the current level has been Resistance before as the red arrows down show.
i have opened a short with a slightly bigger stop..
if the Green upper line breaks! expect a longer breakout target of 730!
if we break down as i hope with my short target to take profits below 655.
Trade active
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have kept this short open. 4500 support has slowly turned Resistance.
i am expecting to go lower, will take drip profits starting at 655 down to 630.
i
Trade closed: target reached
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Had a trailing stop hit over night.
70% of position closed between 640-645 with order in the book. 640 was the major support level as indicated by the target box. we reached the very bottom of the target.
the remaining 30% closed on a trailing stop today at 653 levels.
An excellent Trade, Really enjoyed, had to be patient but massaged the short all the way down buying the tops, selling the dips. we started with a 685 base, ended up to 700+ base before we profit taking started.
currently price is sitting at 660 level, will wait to see the 2H-4H to take a new position, if we have a Breakout with good volume up will long it . if 660 holds over night that will be also a signal to long.
Currently Shorting ETH only position open please check that chart & comment.
Comments
ltc-joe
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Greenhill for president!
Greenhill
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hahah :-) i make BTC the number 1 currency in the world ... Vote Green ..
I think this could test support at $610. Are your shorts still open?
Greenhill
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Yeah short still open, have taken some profits at 640-639, base now over 700. its in good shape. next support level down 4270. will be looking to close & if it breaks up will take profits at 4400
WayneSwart
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Well played!
Greenhill
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thank you yeah went well
veryevilone
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looks like price started to go sideways. maybe its time to close?