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farhadjafarov7
Jun 5, 2018 3:25 PM

ETHEREUM SHORT POSITION! 

Ethereum / BitcoinBittrex

Description

The crypto market is facing some drop now.. So it can be good time to short some of your coins/ sell now and buy back later. Ethereum is one of the top coins and my advice for Ethereum holders would be to short by 3.70% and buy back at the price of 0.076 BTC. Some indicators showing a downward movement:

STOCH RSI is overbought which is a bearish signal

RSI and MACD are showing some downward trend which is a bearish signal

Do your stop loss when you see ETH joining the upward trend shown in the graph which is at the price of 0.08029 BTC
Good Luck, Traders!
Ashanti!

Comment

TRADE CLOSED. MARKET BOUNCED BACK, THE CORRECTION SHOULD BE OVER WHICH IS CONFIRMED BY THE BOUNCE AND SOME INDICATORs(STOCH RSI, MACD, RSI) IN THE MARKET!
Comments
farhadjafarov7
This is tricky lets watch btc, if btc breaks 7650 and goes to 7700 then definitely not but if it sticks under 7600 then yes
onefry
back on now?
seems to be turning bearish again...
farhadjafarov7
@onefry, This is tricky lets watch btc, if btc breaks 7650 and goes to 7700 then definitely not but if it sticks under 7600 then yes
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