ETH Symmetrical Triangle at 15min [Potential breakdown] Short

BITSTAMP:ETHEUR15

Ethereum / EuroBitstamp

Description

⋅ Jan 10, 2021 5:03 PM

I'm posting this to gain reputation enough to access chat :-)

Comment

⋅ Jan 10, 2021 8:08 PM

Retesting 1012 resistance at the moment. Careful!

Comment

⋅ Jan 10, 2021 8:16 PM

Broke 1000. Take short profit at 982!

Comment

⋅ Jan 10, 2021 8:26 PM

Currently @ 970. I recommend waiting with opening a position before it stabilises again. Too risky. Might find support around BTCUSD @ 33.500.

Comments

sointu326

⋅ Jan 10, 2021 5:24 PM

9 mins after posting it started to drop. Nice call !

OCU93

⋅ Jan 10, 2021 5:26 PM

@sointu326, Thank you very much! This is my first published idea so I highly appreciate your comment.

sointu326

⋅ Jan 10, 2021 5:31 PM

@OCU93, Good analysis but I do not think it will go so low - maybe 1000 perhaps.

OCU93

⋅ Jan 10, 2021 5:33 PM

@sointu326, I agree with you. It seems very strong compared to BTC at the moment. It will retest at 1011. If it breaks then it is likely to drop to 982.

OCU93

⋅ Jan 10, 2021 8:53 PM

@sointu326, We hit 982 and went even lower than expected. Wow! I hope you made profit :-)

sointu326

⋅ Jan 11, 2021 1:33 AM

@OCU93, Yes, I sold all at 1045 and got back in much lower. Thanks !

OCU93

⋅ Jan 11, 2021 12:14 PM

@sointu326, I'm happy to hear you got out at a good time. Well done!

sointu326

⋅ Jan 11, 2021 12:21 PM

@OCU93, Thanks but I got back in too soon, and I should have sold my other coins as well. Lets see how long it takes to get back to where we were.

OCU93

⋅ Jan 11, 2021 12:30 PM

@sointu326, Same happened to me. Hit stop loss at -3% x5 leverage. I think BTCUSD will go up to 35k and drop again. We're in a 1h and 4h downtrend and the trend is your friend. So I don't recommend getting back in just yet.

sointu326

⋅ Jan 11, 2021 5:41 PM

@OCU93, Ouch ! Who would have know that it would actually fall 30 %