tcormier321
Short

Good time to take ETH Profits before next wave up

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Looks like time for ETH to correct. Yes this is on a 1H timescale, but very clear H&S forming on the timescale. But visible on other timescales as well.

2H

3H

Throw in some RSI divergence and you can see the bulls are worn out on ETH.

Time to close your longs on ETH. Don't hope for more profit, but you can set stop orders around $1,050 so you don't miss the wave.

I would recommend moving a good bit over into BTC which seems to be rallying quite well as it drains alts of their value.

Let it cool off and look to get back in around $915 for the next push at $1k. Rarely do we break these big milestones on the first try in crypto.
I think LTC is the best place to put your money right now of the big three. Seems to be correlating beautifully with BTC but I agree with your ETH analysis
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out