MoonRally
Short

First take the mETH, then feel the dETH

POLONIEX:ETHBTC   Ethereum / Bitcoin
258 2 5
7 months ago
We can all admit at this point that ETH (a.k.a mETH or dETH depending on which side of the aisle you stand) has just went through a price bubble. Price is currently trading ~ 55% below the bubble high. In my view, the market has failed to capitulate to the selling pressure. I think the chart shows a nice set up for what should produce a capitulation event in the coming weeks which should sent price tumbling down 70-90 % off the bubble high. I have a potential outcome outlined in the chart.
7 months ago
Comment: Descending triangle failed to maneuver into capitulation. A strong reversal appears to be underway.
5 months ago
Trade closed manually: Oops this trade closed a long time ago. The market did not capitulate. More bullish tendencies could lead to an interesting future. But I wouldn't bet on it until the market proves it's worthy. Still a very shortable future for this youngster.
VerthagOG
7 months ago
short !!
+1 Reply
MoonRally PRO
5 months ago
I couldn't have made a better "bad trade". The market mirrored my prediction and I can only laugh in shame.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out