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philiparthurmoore
May 4, 2020 3:27 PM

ETH/BTC Long Setup Idea (Monday, May 4th, 2020) Long

Ethereum / BitcoinBitfinex

Description

Multiple signals across the board are showing that there is a potential that alts have bottomed out or are close to bottoming out and ETH is the market leader, so when/if BTC makes a large move I expect this entry to be filled completely. The upside for ETH is quite high so the stop loss on this may be adjusted depending on market conditions. I will be manually closing this trade.

TD9 showing across tons of time frames. Basic S/R levels marked in the chart. I'm willing to take the risk.

Comment

ETH REALLY struggling here. Let's see how it goes.

Trade active

The stop got demolished on this but I'm holding ETHBTC for now. Let's see how it reacts a little lower. The move from BTC these days pre-halving ripped into ETH.

Trade active

I misspoke. The stop didn't get hit on this. Close though.

Trade closed manually

Closing this out - next setup in another chart because this is getting messy.

Comment

Still trying to find its way back into support:
Comments
eyeseaevan
I agree, I have my target limits set @ 0.02579 just in case, but I plan to monitor the price and potentially close manually.
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