Playj

good night eth... rising wedge reversal or bear flag (pennant)

Short
Playj Updated   
COINBASE:ETHUSD   Ethereum
on kraken trading but levels are more clear on coinbase i will show both charts
acct 1689
10 eth short at 199.7
will look to add on a push and rejection back up to bottom trend line
close in channel or a open candle moving all the way back to top trend line will prob be stop also ( actively trading so not set stops)
will look to take profit in green highlighted area ... could see continuation below but i lean that we bounce rather than dump but im watching it
bch also had a nice bullish setup and move today and its triple topped out and failing to breakout
Trade active:
position entry on kraken 10 shares 199.7
Trade active:
dont like kraken doesnt confluence with coinbase on the breakdown of pennant which i dont like ... these trades you have to sit at computer because there tight ranges and there is a lack of confluence aroudn the market... conflicting charts conflicting news... conflicting prices of btc because of tether bs
Trade active:
added 1 share at 200.1
Trade active:
added 2 shares short at 200.4
total 13 short avg prob 199.85
Trade active:
added 2 at 200.09 short
Comment:
Trade active:
this is why i wait for close of candle currently back out of the pennant pattern but were def not out of wood yet 15 min til close
Comment:
hourly candle closed BEAUTIFULLY!!! we broke above bottom i said dont stop out until you break above very top trend line or close back inside the pennant and we did neither but broke through bottom and almost touched top!!! i i had hard stop would be out of trade
Trade closed: stop reached:
stopped out at 201.59
acct 1634
starting acct 1684
$lost only 35 usd
bought $15 in dash for a longer term hold...took 20% profit from last trade.
using 20% of all profits of each trade to buy small longer term holds

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.