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Binaryless
May 6, 2019 3:58 PM

Linguistic Fractal Study of $ETH Long

Description

We are in purple times.

My entry is around $157. Targeting $210, SL at 154.

Previous idea here;

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I'm willing to add to my position between 168-170.

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I'm going a bit greedy and adding %20 more to my position around $172

Trade closed: target reached

BTC feels toppy.
I closed my positions at $192.
Willing to relong between $175 - $185.

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Re-opened around $195 area. I'll keep adding watching pullbacks.

Target is now +$250

Comment

I've been playing with trend-lines to define fractal price action. According to this interpretation, ETH is about to lift off.

My current entry is at $201 atm. Layered orders from $188 to $203. If we break out this channel before my orders are filled. I'll consider market buying. Planning to take some profit at $255.

Trade closed: target reached

Closed position at $255.

Planning to re-enter longs between $180 - $220, let's see how PA develops.

Comment

ETH doing its break-out dance again. The moves looks pretty similar to $150 - $170 PA. I layered my bids between $230 and $200.

Comment

I did not get filled in the purple box, still started to build a long position between $250 to $270 area.

BTC sentiment is too concerny, afraid of & expecting a correction, I am betting on more upside here.

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I ended up bag-holding but I am confident that we are in a bull market so did not quit the position I built between $250 & $270 area, averaging around $160. Increased my position incrementally through this what I believe to be final pahse of Ether breakout dance.

We'll probably have our next leg up in 1-2 weeks. Let's see ^^

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It's purple times again. Targetin $320.

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