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Mayvune
Sep 2, 2017 12:18 AM

ETHUSD - the doubletop Short

ETHUSD*0.25+ETHEUR*EURUSD*0.25+ETHUSD*0.25+ETHUSD*0.25Bitfinex

Description

With the potential double top on the ETHUSD pair and a weak BTC ratio outlook, this could be a quite nice r/r setup - caution is needed of the break of ATH therefore low risk of 0.5% equity.

Comment

we can take some profit here - this is a strong support area

most likely even take a small scalp long

Trade active

the scalp long

Comment

scalp long: target reached, but 20% of that position will be running on a trailing stop until 290 area

Comment

Time to add to our short with the profits from the partial close and long scalp
Also updating the SL to in Profit (never piss away profits)

Comment

At 270 - Previous Support area it is time to take some off again and wait for a bounce to readd

Comment

ETH first buy zone to close out some of the short - maybe we can readd later again - but this is a good area to take off bigger portion

Trade closed manually

closing here everything, even tho price not reached goal.

Look for daily reversal setup
Comments
Young_Satoshi
IvanLabrie
@crypto.888, good short for sure. I had a signal to exit longs but didn't expect such a sharp fall. Instead, more of a sideways move. Oh well...Good for those who shorted.

We are close to a big support level though:


Wait for liquidity to show up...around here.
Crypto4life23
u think it will fall that way?
Crypto4life23
Whats your price prediction
Mayvune
@Ryandorsey90, 195USD is the target for the down
Young_Satoshi
Mayvune
@crypto.888, got close :( 5$ away - guess we can consider it closed :P
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