The cryptocurrency market was overextended, we can see how coins like VETBTC manage to do more than 150% since the "bottom". After 0000 Eastern Standard Time we have seen the downtrend settling in on almost all Binance coins where their volume is drying up or simply crashing with no support to be seen. ETHUSD re-tested our micro-support at 304.71 and then in the same candle re-tested 308.55 which is another micro-support. After touching 320 with a wick, its clear that ETHUSD requires some cooling off, BTCUSD kept trying to breach 6600 with no success which lead to the current situation. What's our take? We exited all cryptomarkets on our last call, waited patiently to see what was going on and now we're ready to short the market.
Conservative play
Short entry point: 307.35
Stop-loss: 320
1st target: 295.98
2nd target: 275.00
Remember to move your stop to the profitable side or use trailing stop in order to get stopped on profit and cover initial entry fees
High intensity play
Short entry point: 307.35
Stop-loss: 309.35
1st target: 300.00
2nd target: 294.85
3rd target: Let your position ride on profit using stop-loss in order to see if we can reach our old support at 258.50.
Telegram: t.me/CryptoCue
Website: cryptocue.io
Email contact: support@cryptocue.i o
Disclaimer
CryptoCue is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. Investors should consult their registered financial adviser before investing.
CryptoCue is not registered to provide investment advice and is simply providing an opinion, giving a particular experience. Information contained here is not an offer or solicitation to buy, hold, or sell any security.
CryptoCue is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm and does not engage in activities that would require such registration.
CryptoCue and/or any others affiliated with CryptoCue, are not responsible for any gains or losses that result from the opinions expressed herein.
CryptoCue makes no representation as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Opinions discussed herein have not been reviewed by the securities and exchange commission or any state securities regulatory authority.
Conservative play
Short entry point: 307.35
Stop-loss: 320
1st target: 295.98
2nd target: 275.00
Remember to move your stop to the profitable side or use trailing stop in order to get stopped on profit and cover initial entry fees
High intensity play
Short entry point: 307.35
Stop-loss: 309.35
1st target: 300.00
2nd target: 294.85
3rd target: Let your position ride on profit using stop-loss in order to see if we can reach our old support at 258.50.
Telegram: t.me/CryptoCue
Website: cryptocue.io
Email contact: support@cryptocue.i o
Disclaimer
CryptoCue is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. Investors should consult their registered financial adviser before investing.
CryptoCue is not registered to provide investment advice and is simply providing an opinion, giving a particular experience. Information contained here is not an offer or solicitation to buy, hold, or sell any security.
CryptoCue is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm and does not engage in activities that would require such registration.
CryptoCue and/or any others affiliated with CryptoCue, are not responsible for any gains or losses that result from the opinions expressed herein.
CryptoCue makes no representation as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Opinions discussed herein have not been reviewed by the securities and exchange commission or any state securities regulatory authority.
Trade active:
The high intensity got stop'd out due to BTC small movements but our conservative play is still on play.
Trade active:
First target was reached for our conservative play.
Trade closed: stop reached:
As we moved our stop to the positive side on the conservative play and ETH pumped overnight, we got stopped out in positive.