zippy1day
Short

ETH/BTC weakness?

POLONIEX:ETHBTC   Ethereum / Bitcoin
220 17 5
Still very much dependent on BTC             in coming days but the H&S outlined may prove fruitful?
Trade closed manually: Closed my short as H&S looks busted !
Comment: As discussed with another trader this may still be in play but not confident to go short at this level?
Hi zippy1day,

appreciate your charts, but this time i am not with you. Why you would short above 210 resistance? Resistance got hit due to BTC range play out and immediatley got up, which is a bull signal. I am long and waiting till 2nd to 4th October to get more ETH uptrend. 2-hr BTCs OBV, RSI, StochRSI and DMI are heading down and 4-hrs are to follow - what do you need more for a "shortterm trend"?
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I agree thats why I am not shorting again and did not adhere to my charts...can't say more than that except I would look again for another good entry to go long.
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coinwide zippy1day
in the 30m timeframe i would say from 213-214 entry point but 2-hr tells me 216....

but weekend isn't over yet and the banksters haven't cashed into BTC over the weekend - so we could see another rise of BTC - range 4095-4115 CNY... which would get you ETH at least at 210-211
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Thank you for the idea :)
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As always it does n't want to go there LOL
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BTCana zippy1day
Got time to discuss ? :)
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Sure how can I help or hinder
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BTCana zippy1day
Hinder me ? nah You do know its breaking down now right ?
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Let me see as I bottled my short
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zippy1day PRO zippy1day
0.0191
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