MarcelV
Long

SHORT-TERM GANN 2/1 BOUNCE

POLONIEX:ETHBTC   Ethereum / Bitcoin
789 2 21
Hi all!

On our last trade, we have shorted from 2250 and closed at 1975. Locked-in profit of 275 pips. Risked 50 pips.

Now, we are short-term longing from ~ 1980 to ~ 2160. See explanation in chart.
Stop-loss = Gann 2/1 trend-line ~ 1940. In this trade, it is a must to honor the stop-loss, because if we are wrong, it may get very ugly.

Happy trading!

P.S. Upon resolution of this trade, there are strong reasons to go down, based on the fundamentals and macro-scale TA. For more info, read-up on my previous charts, where this is explained in details.
Trade active: Filled last orders at 1950 now on the dip to 1945. I'm 50% of capital invested in this long now. Position is ready. Let's go! :)

Bottom shorters will serve as a fuel for us... once they realise what they've done :D

Happy trading! :-)
Comment: Adding some more short here at 1922.

It's not according to the analysis, but analysis didn't count with this extreme btc action.

Btc seems to have topped.
Comment: Not short, adding LONG :D
Comment: Finally, the torture is over! Bitcoin topped.

Very painful trade. I ignored my stop-loss because the btc move was very unpredictable and ETH did not follow with enough strong to confirm entering doom phase yet.

So I did manage to scalp some on bounce.

Here I am going all in long at 1900, also bought spot!

Good luck everyone, I feel strong about this!
Also, by going "all in long" do you mean you're going to move assets from BTC to Ether? Is that really a good idea given the solid and steady gains BTC has been making lately?
Reply
I feel like this is a good trade idea, but currently being hampered by volatility of BTC, which continues to persist. Still planning on longing around here (currently right around 1900)? Has your target changed at this point?
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