ETH looks to breaking out as well, volume is very low though, so it could fail and accelerate down if volume doesn't kick in around the breakout. This could be a good opportunity to buy it, but there is high risk! A stop around 650/660 would be wise
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Still no real volume, this could still fail!
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Should stay above the blue line, the black one is really the max. The breakout is was very weak, but there is still a 30% chance it could work.
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Could not update, but targets reached!
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ETH still looking very strong, i dont know if the market is ready yet but ETH seems to be.
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Looks like the fun is over already, the levels to watch are 740 for the bulls and 715 for the bears
botje11. just as always!! you are really amazing, first of all thanks for make TA on ETH. you have to be so busy with BTC TA. like i always says if i have to put my money on the table first of all i check your TA analisys and make m decisiion... but guys for sure this man is one of the best TA we have here on TV i recommend to everyone check this work and learn from him TA.... to all the haters of botje11 or all the people that put the money without criterium be more respectfull to everyone that makes a job like that totaly free..
NickyM
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@tbermejo, i agree i sent him my respects already even though im not the type of guy to do it but this guy deserves it.
SteveGRN
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Would you then exit your positions because the target was reached? Or stay in and watch with tight stop losses and walk it up because you think it could fall again?
botje11
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@SteveGRN, You could do 50/50, close half and keep the rest with a trailing stop, that's what i usually do
ETHMiner
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I'm going to have to disagree with you here. I'm viewing the current upside action as a 4H "dead cat bounce" after the recent oversold dump. In my opinion, BTC is currently in a bear flag with decreasing volume, which is cooling off the RSI on the 4H timeframe and creating a possibility for another leg down (and as everyone knows, when BTC dumps, so does the rest of crypto).
pengdog
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Thanks for the update. I am not doing much trading right now. All seems either manipulation or in wait for macro signals, consensus, political, etc
ist1ichi
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@pengdog, don't you jump in and out (into fiat) with safe stop? like this trade suggestion above?
UnknownUnicorn1780802
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First!
blomod
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@lvg3g, almost had you
@botje11 was wondering your opinion of eth being pretty much tied to btc. seems if btc goes up 2% eth will do 3% down vice versa, been consistent. seeing what you thought since you think if it goes against btc
botje11
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@blomod, you say that ETH moves contrair to Bitcoin?