BITMEX:ETHUSD is sitting on strong support level after the BTC dump. It is currently oversold and is about to show Buy signal on the 4h chart, therefore it is expected to climb to the comfort zone between $220-$230 in the coming week just as BTC is expected to bounce back from the gutter. I don't expect ETH to reach new highs in the short term but still, with a safe 5x or more adventurous 10x leverage, an easy 60-120% profit can be made within a week or so. Also when Bakkt exchange will go live in November, BTC should pump nicely, pulling along ETH. If you have patience, you can watch ETH climb to $300.
Obviously, this is an idea, not financial advice. Please do your own research and understand the risks.
Obviously, this is an idea, not financial advice. Please do your own research and understand the risks.
Trade closed manually:
Constantinople update (ethereumworldnews.co...2018-developer-says/) didn't go as planned. This might create some FUD. I am closing my position just in case of a possible dump on Monday morning when many of the traders will return.
Comment:
Shorting might be worth considering...
Comment:
It looks like the BTC pump helped us reach our target if I didn't close my position early... no worries, I woke up just in time to see it going up, so I did a quick 56% even this way.
If you didn't read my update you could've made your easy 60-120% profit.
I am still bearish on ETH due to the postponing of Constantinople update into 2019.
If you didn't read my update you could've made your easy 60-120% profit.
I am still bearish on ETH due to the postponing of Constantinople update into 2019.
Comment:
Sorry, wrong link.