rexlomax
Short

Final big short for ETH

POLONIEX:ETHBTC   Ethereum / Bitcoin
We are heading towards 200 EMA line, that is a fact!
Time is the only problem here, we may hit there next week or
We can do boring sideways and take more time before we hit target, this could lead to red line and channel getting broken then trade is compromise, so stop loss is 1760-18 or 100 EMA
TARGET IS 0.0112-0.012
Thanks for watching.
Comment: If we don't dip below 0.016 in the upcoming 48Hrs, then all shorts should be canceled.
This has been consolidating for too much time.
Look out for a breakout above 0.0174.
Trade closed: stop reached: DAO news is giving FOMO in the market this could be a good short opportunity or breaking downtrend.
I wouldn't recommend shorting yet, we have entered 4Hr cloud.
This could extend to 0.0185
we can see small eth uptrend today
which would enable better shorts .
Reply
rexlomax PRO VerthagOG
Yes, short around 1790, i think it could go there even a wick to 1830. Good position for shorts.
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VerthagOG rexlomax
shorted at 1710 and 1700 , 1790 short is a perfect entry and a distant dream for now , Buy orders weak to fill in .
Reply
rexlomax PRO VerthagOG
That's some good positions imo. I would recommend closing if we go past 0.0174
Good luck.
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