Ethereum (ETH) Possible move up to 223+ before lower low.

I have been successful in calling the last Bitcoin move during the period of consolidation. I have also been very accurate in calling the price action of Bitcoin after the pump. View my ideas for yourself in the related ideas section or just click on my profile.

Bitcoin looks like it could pump once more, taking Ethereum with it.

Therefore, you may long Ethereum & Bitcoin in preparation with a tight stop loss.

Long:
200 USD

Stop Loss:
194 USD

If Ethereum pumps, set your take profit at 223 and 230. There is little chance Ethereum can move beyond 230. It is quite obvious on the chart Ethereum is very weak. Therefore, if we get a pump, short Ethereum at 223 and 230.

Short:
223-230 USD

Stop Loss:
To be determined (hard to do a good stop loss placement when price is not near short entry yet)

Alternatively, if Ethereum breaks 194, there is a high probability it will continue lower. 194 is a bear fractal on the 1 day chart. Therefore, if that happens, short Ethereum.

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Comment:

Guys, Finex is still selling despite price jump. I am kind of worried here. I have already entered a very small long position on Ethereum but I am net short still with massive open positions on Tron and XRP.

This one is not as obvious as the last move.

Comment:

I am aware that a lot of Finex selling is due to USDT going up in value, but still worrying.

Comment:

Hidden bull div on BTC. Not something to trade off of due to low success rate, but gives some hope.

I added to my Ethereum long, planning on adding to BTC long.

Comment:

If Ethereum drops below stop loss, feel free to short. There will be a high chance of continuing lower if bear fractal broken.

Comment:

I am still long. Will exit only if stop hit. I held my last Bitcoin long from 6202 for many days before exiting at 6600+ for over 1.41 btc profit.

I was underwater for some time.

Low volatility proceeds high volatility. Personally, everything looks bearish so far, except for the BAS on finex. I suspect the orders on Finex are spoof.

This long is not looking good. However, other shorts on xrp and trx will more than make up for this loss if dump occurs.

Trade closed: stop reached:

Hey guys, I was correct, we did get a move down. If you were long, your stop loss should have been hit.

There might be another move down in the next 8 hours, personally would short with stop loss or just wait.

This feels like 6950 before 6272.