ETH lacking support!!! Move to 90$ on the way
Shorts may want to enter when the price gets closer to 127-128$, I have already placed a short!!
We will take profit at 90$
Back test my prior signals, if you want me to continue, follow and like please.
Want these ideas more elaborate let me know
We will take profit at 90$
Back test my prior signals, if you want me to continue, follow and like please.
Want these ideas more elaborate let me know
Trade active:
ETH overall follows BTC just to different amplitudes.
BTC has much more solid supports from its previous ATH, ETH however has very little support or resistance zones between 60$ and 150$ which is why its has the ability to drop or gain extra FIB levels compared to BTC when big moves occur.
Because BTC is caught in a bearish flag, no matter what ETH charts show it will also drop as well.
ETH shorts still in effect, however consider moving your take profit 50% to 101$ (no big even) as well as 25% at 91 and the last 25% at 111$.
Stop-loss needs to be wide on this short!! there is a chance for a rally out of pendant and into a rising wedge (both bearish) but you don't want to have your stop-loss triggered too early so do not set the SL on this short any lower than 155-160ish.
Get ready to pop a bottle after this next drop coming!! Suprised the big shots on here are scared to call full on Long or Short anymore. Even Alan and many of the other famous folks on here seem to be very set on this being the bottom of the downtrend. Please consider this may not be the bottom we are consolidating on. There is a greater chance we will see 2400$ before we see 5000$. Always keep an open mind and debate with yourself and take no permanent position my friends. Like Bruce Lee " Be liquid my friend, Become like water!"
BTC has much more solid supports from its previous ATH, ETH however has very little support or resistance zones between 60$ and 150$ which is why its has the ability to drop or gain extra FIB levels compared to BTC when big moves occur.
Because BTC is caught in a bearish flag, no matter what ETH charts show it will also drop as well.
ETH shorts still in effect, however consider moving your take profit 50% to 101$ (no big even) as well as 25% at 91 and the last 25% at 111$.
Stop-loss needs to be wide on this short!! there is a chance for a rally out of pendant and into a rising wedge (both bearish) but you don't want to have your stop-loss triggered too early so do not set the SL on this short any lower than 155-160ish.
Get ready to pop a bottle after this next drop coming!! Suprised the big shots on here are scared to call full on Long or Short anymore. Even Alan and many of the other famous folks on here seem to be very set on this being the bottom of the downtrend. Please consider this may not be the bottom we are consolidating on. There is a greater chance we will see 2400$ before we see 5000$. Always keep an open mind and debate with yourself and take no permanent position my friends. Like Bruce Lee " Be liquid my friend, Become like water!"
Trade active:
Analysis underway to confirm holding short until 100$ range now. Roughly off hand, looks like we will probably get the drop we are looking for soon over the next 24hrs.
Trade active:
hold this trade, this temp bull reaction was expected and the move up was done with low volume against a BTC bear pendant early on Monday morning when the traders returned to work. Monday usually is the day when pattern or trends can face odd changes. I am staying in my short position and waiting for the ineviable drop back down.
Trade active:
Keep holding we are almost to breakeven before continuation down as planned. Please dont be the trader that sells for a loss.