unspecial
Short

ETHBTC Short trade

BITFINEX:ETHBTC   Ethereum / Bitcoin
This pair normally moves slowly and it has been returning to the mean over the last 5 days. Now with the pair at the mean I'm seeing the price fall as BTC goes up and the downward trend continuing for ETHBTC. Will close this trade in 48hrs if not in profit.
Mar 01
Comment: Just moved my stop to break-even because of the pinbar from yesterday. Have also moved my target to just above yesterdays low. If today's price action continues my target will get hit and we can take a profit.
Mar 01
Comment: Target 0.0785 almost hit.
Mar 02
Comment: Profit target hit at 0.0785 = 7.7% in 4 days.
I hadn't yet had my morning coffee when I said yesterday's low and my target was actually set just above the low from the 20th.

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