This thing is gaining steam and looks like it will breach the .1 btc level and surpase it -- take profits around .15 and begin to short after that ocne we see some down monmentum
Comment:
added stop loss at .11 as we moved up quicker than expected and hit the top trendline. I believe we will get one more bounce off it before we start to see an erotion in the eth/btc ratio. Keep your stop loses tight here and if it has one more parabolic move take your money off the table and be ready to get in short. I plan to short with leverage if we get above the .15 price. I will pick my places --- but a 20-30% drop in this coin (in USD would be a normal move with this much upwards momentum --- so as safey to my overall coin portfolio I will be buying strageically 1-2btc worth of 25x leveraged short futures here soon) ---- as bearish as that sounds im not going to try to fight this trade that his been straight upwards until it flattens out or begins to turn over. Happy trading my friends. Hopefully a few of you followed this trade and have pockets 20% gain here in the last 10 days. Just remember if its too good to be true it probably is.
Trade closed: target reached:
This broke my top trendline and is just pumping out of control. I am liquidating my position at .1422. 58% return with no leverage. I played this one with 10x leverage on bitmex using futures and saw about 500% return on 1btc.
Comment:
I am waiting to go the other way on this as soon as momentum shifts. I will be in for a much larger trade on the short side as I think this will have a large retrace and it will come quickly. There are alot of people who made quiet a bit of money on ethereum, who will dump this hard as soon as we see a pull back and it wouldnt suprise me to see a 20-30% negative day. I will update as I begin to enter in short. I will stagger in as this thing is on fire and its hard to pick the top. To be continued!!! Go luck everyone!
Comment:
Missed the top, wait for it to double top then start taking short positions