finex Dust has Settled!! Greedy ETH Short in range.

POLONIEX:ETHBTC   Ethereum / Bitcoin
1788 3
We had wonderful success on our last short, it was similar to current levels, its hard to know how low Greedy eth was going to go, it was in free fall & ironically the Finex Security Breach saved it with most shorts Fomo Closing to get out people cashing out their BTC into $ or Hedging with ETH.

fundimintals have not changed, the confidence in the entire project has not recovered & i dont expect it to recover anytime soon. Demand is down , supply has essentially doubled with the classic ETC being supported by the Bitcoin community.

We will open a position at 2000-2015 with target being 1850.

position Short - 3/1 risk Vs reward.

Major resistance - 2060

Major Support - 1800

As always wit the volatility of the Altmarkets we will be looking after the trade constantly until the position is closed.
Trade active: volume is getting lower, very low. orderbook is thin.

if your looking to take a short position 1995-2020 is a good entry to short on current bounce.

will be adding if it gets to 2010-2020
Trade active: Trade is going to plan, we have a good Profit % now with lots room to get out if things change dramatically.

There is no volume at all, its the lowest i have seen in months, we will take some profits at 1900-1920, it will DeadCat there.. we will short the bounce as long as volume remains low.

will take 50% profit at 1900, will reshort that 1950 range with our profits.

long term target still 1800-1850 over the next few days.
Trade active: we are in good shape here, little bit slow but all good..

first target for profits 1920... at least 25%.. took profits yesterday at 1960 shorted the top again, based improved to 2040.. have some room to get out now if some bullish news comes out.

if it does not bounce hard at 1900 will let the rest ride.. looking to close fully at 1850-1860.
Trade active: Due to the recent events & the evidence coming out against the ETH foundation it is looking extremely bleak for all eth bagholders but looking great for our shorts.

Based on the evidence i would imagine there is going to be some legal action & possibly some people going behind bars.

We will be adding to our short on this bounce as this news is fresh & not out to most of the community yet.
I suggest anyone interested in Eth read the following & examine the evidence for yourself.

The BlockChain Cant like..

target revise med term. 0.005

next support level 0.01 short term

long term support 0.001

good luck all
Trade active: its the weekend. ETH loves bears on weekends. plunge protection team works 9-5 weekdays.

we have another leg down.. i have 50% of position still open, take profits from 1900-1850 from where we opened.

will take some profits at 1800 test.

Resistance 1880-19000

support 1780-1820
Trade active: Helllo

sorry for the late update... Weekends are all always big, no time to trade :-)

had a lot of fun hope everyone got out & had a great time.

not much has changed, the moves up have been rejected over the weekend, 1950 was major resistance as expected.

This is a perfect example of finding a good entry & holding that trade long term.

everyone has their own style but i like the longer time frames only. we pick the the trend on the longer time frame & stick with it.

there is many here trading much smaller time frames. i dont like that at all as the chop will cause u to get in & out all the time, its just not profitable long term.

on this trade im still expecting 1800-1820 support to be tested.

the volume is very poor & demand is low. the overall trend in still bear, Greedy has been in a bear cycle for sometime now.


1850 close 50% of position ... that would get us closer to the end of this trade with the remaining we will hold expecting the 1800 test.

Major resistance 2000

resistance 1930-1940

support 1850

major support 1780
Trade active: looks like we will hit those target today.. will take 50% at 1850 & rest at 1800..

good luck all
Trade active: Epic test of the nerves to hold this open.. we are getting closer to our targets.

there is no volume at all, very little interest at these levels with focus on other coins right now.

targets not changed we will take 50% at 1850 & the rest at 1800 test.

if it stops to dump very hard with big volume & market orders will revise targets if im online.

Good luck all, next stop 1850..
Comment: press play two times to see where we are on chart.
dont forget you have to click twice on play button to see chart fully.
+1 Reply
JohnFrederic Greenhill
Nice charting Greenhill, its nice to have a log of your TA to look back upon I need to start doing something similar.
Credit to whom credit is due... Didn´t see that coming. Good call!
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