MattSzwyd

ETHUSD Higher-probability trade setups to catch a falling knife

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Nothing too complicated, just a general point of interest that may provide sufficient support for ETHUSD's next leg higher (at least until it hits trendline resistance). This trade setup does not assume a long bias just because the trade direction is "long" -- this setup assumes a buy-side broker, i.e. asset purchase through Coinbase / GDAX, etc. without the capability to short an ETHUSD CFD.

This one is for those of you who play the Crypto Casino on the weekends. I'm not here to debate the merits of blockchain and a "fair value" estimate of ETH in its current environment. I am still bearish in CC's until I see more bullish behavior in the market.

I do not own any ETH at this time, but I do have a limit entry set on GDAX for the following trade.

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