MarcelV
Short

ETH will not go up

POLONIEX:ETHBTC   Ethereum / Bitcoin
Quick update:
We are ready for next trade. After 61.8% retracement , indicators do not look healthy for bulls. By observation, 2470-2480 price mark is the level where sellers are stronger than the buyers. There was an attempt with 35k buy walls to break this level, but it failed.

We are going more down. Open shorts. Target, if this is ABCD/bearish flag is 2250. Stop loss is 2500.

Happy trading!
Trade closed: stop reached: This trade has clearly been invalidated, by a massive pump. I haven't followed the price action, coz I was sleeping. All I heard is that a paid article popped out. Go figure, someone is desperate :) Problem with this pump is that order books were very thin. 90% chance this pump was schemed.

Half of my position got closed by stop loss at 0.02510.

What now?

RSI confirms a double top, with value not even crossing 50% on second top. The buyers interest is NOT there.

I hope my followers had a tight stop loss, like me. If not, I hope it will ease your mind that I still have 50% of my short position open and will be keeping it. My guess is this will go down, soon.
Hang on tight! And I do not want to see any margin calls. Better set stop losses to close half of the position, this will let you get clearer state of mind and then make rational decision about the rest of the position.
Happy trading!
Trade active: P.S. I would and will only close a part of position if at least two consecutive 15 min candles close above 2700.

Until then, bears are in control here.
Comment: seems like TV is messy. I clearly first posted the Trade closed: stop reached. post and after that the update on active trade (commenting on my other half of trade which is still active).

P.S. this is the rubbish (paid) article from NYTimes that manipulators used to drive price up a bit :()
http://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?_r=1
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