IvanLabrie
Long

ETHBTC: Ethereum downtrend expires by the 22nd

POLONIEX:ETHBTC   Ethereum / Bitcoin
869 2 27
9 months ago
Monitor price action from here onwards, we have 2 more 2 day bars left.
If we don't have a new low, we might form an uptrend continuation setup.
  • Going long from this level might be a good opportunity (I'm already in from a bit lower, but it was a riskier entry).
  • Risk a 15 to 25% decline for a potential rally to 0.075 in the coming weeks.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers,

Ivan Labrie.
9 months ago
Comment: BTC started to accelerate, updating charts. The USD value of ETH is doing fine, but relative strength wise, BTC is outperforming it slightly now.
9 months ago
Comment: One more bar to confirm that we're basing here.
9 months ago
Comment: We could be seeing a double bottom here, wait for the closed bar and the time to expire before going long.
9 months ago
Comment: It's safe to go long ETH now.
Determine your position size based on 1-3 times the daily ATR. (I don't reccomend stops, nor leverage)
9 months ago
Trade active
8 months ago
Trade closed manually: I'd stand aside for now. Ethereum is acting like 'lack of interest' in it, due to the BTC rally.
Might consolidate for an extended period of time, not worth it to risk money on it now. I'll hold mine as a hedge to BTC, since it's a small position but I wouldn't advise you to buy now expecting any kind of move. (nor to short)
8 months ago
Comment: Today's action is promising, we can look to enter longs again.
8 months ago
Comment: I'll make a new publication.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
SantaShorts
9 months ago
Not happening.
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IvanLabrie SantaShorts
9 months ago
Ok!

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