Cryptokingpin92

ETH/USD BEARISH Butterfly Harmonic Setup

Short
COINBASE:ETHUSD   Ethereum / U.S. Dollar
The harmonic pattern as form, all points have met the criteria for the setup.
The last leg of Eth's impulsive move has gone on for 12+ days now
adding confluence of bullish exhaustion. Selling for a sell setup within the
blue lines targeting TP1 and TP2 respectively (denoted by the green lines)
The pullback would be good for further bullish continuation
Comment: Invalidation level - HTF close above $3600
Comment: Still flat position wise, patience.
Comment: Average Entry $3110 (75% of Position filled)
Trade active: Hedged at $3189
Trade active: Closed Hedge at $3117.
Trade either plays out or HTF close above $3300 forces me to manually close
out the trade
Trade closed: stop reached: Stop reached, the market clearly want's higher still keeping this idea open as there is a harmonic setup on Bitcoin. Will be monitoring closely for weakness

Comments

Hopefully drops here!
+1 Reply
Bears shall get rekket
+1 Reply
@SeyarAb, I would consider this, if it plays out, a healthy correction before another bullish move up, markets don't go up only
+1 Reply
Butterfly pattern
+1 Reply
Cryptokingpin92 KaizenCulture_
@KaizenCulture_, that's right
+1 Reply