That's because I know where we are going in the end.. But, we can still make profit on these drops and thus get more ETH.
I put short here for a change. We can see ETH is preparing to re test the previous support we bounced off. When we break the ascending support (dotted) is the moment we short all the way down to the support.
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Even if we have a H&S forming, it's possible ETH won't react to it and nullify it, so it's better to take the profit and reevaluate. Especially if we use leverage.
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We can close here for easy profit or extend short with less leverage as a bounce will probably come. How Big of a bounce? Probably to around 580.
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Looks like the Bounce was stopped out 576, Close enough? ;) We can see that we are forming Another bearish Candle right now, so I'm expecting further decline...
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Pivot, i will Close my short and TP if we go above 580 :-)
Trade closed: target reached
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Not gonna close this, obvious stop loss hunting here. holding on to my trade a bit longer.
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Was ment to be a comment, not target reached. But, a close here will still be in profit. Keeping it open still to be clear.
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Reopened short from same position
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taking profit again :) waiting for entry in either direction.
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If we get rejected here again , expect a steep drop!
Trade closed manually
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Done shorting for now, Got 2 short trades with some profits, looking to see if we can enter a long soon. Waiting for the signal for this. Look at my long chart for more information.
Patience and optimism is the only thing we have left
ethhunter
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@manelsaborit, if BTC goes in the trashcan so does this market :) We don't have many levels left to be bullish, but this is when the best oppertunities usually come.