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Tiger_Style
Dec 24, 2018 5:57 PM

ETH BTC Ichi Bounce from top of cloud Short

Ether / BitcoinCoinbase

Description

I'm trading on this Ichi cloud bounce, expecting to see strong resistance and higher sell volumes once we reach the top of this cloud. Have all those ICO's from last year sold off yet? If we hit that top of the red on the cloud, we would really need a break up above it to maintain the momentum. I believe in ETH and use it more than BTC, so for me, the trade would be to shave off my ETH positions near the top by setting up ladder sells, then wait for price action to bounce down off the cloud to buy back more ETH.

***This is not trading advice, for my personal use only.
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