POLONIEX:ETHBTC   Ethereum / Bitcoin
Ethereum             reached the top after an impressive bull run. This inverted cup and handle is about to take it down though. Prepare to short if you haven't done it yet.

Entry:

TPs:

0.042.
0.037.

Stop-loss:

0.0505.

Risk/Reward:

12:1.

Please like and follow if you agree with this idea.

Good luck!

Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting some updates as I have been doing in my previous posts, but if you want live updates, check out my signature and join my Telegram Group.
Trade active: Trade closed. Took some profits. Right now it seems there could be a new bull run. That's what my chart is telling me now. I will wait for confirmation and if it is so, I'm staying out of it until a new short opportunity comes.
Trade closed manually
Trade active: Trade opened. Looks like a clear short to me.

Comment: It may pump a bit but overall it has to consolidate.

target .09-.12 now!
Reply
Do you see the price trend going back to the consolidation buy target price of 135-145 again before going to test all time highs again ?
Reply
CoinMajesty simonklasz
@simonklasz, I don't get those numbers.
Reply
simonklasz CoinMajesty
@jsburgos, I think it's about to pop , not go down
Reply
I'm actually so glad you (probably) made a wrong prediction on this one, as I got some money in bull ETH. Good you came out with some profits ! All the best !
Reply
@tomstoj, yes, it was wrong, although I closed the trade with profits once I figured the trend was still bullish :)
Reply
Dyrk CoinMajesty
@jsburgos, can we go now much higher to retest ATH?
Reply
tomstoj CoinMajesty
@jsburgos, what price do you think it can reach in this move?
Reply
Yeah turning point to me to confirm uptrend is do we stay above 0.05?
Reply
Would a cup and handle have that big of a dip in the cup?
Reply
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