For opening long trades we have to wait for a correction wave. Fibo Retracement tool can give us good entry level for our trades. I like 38,2%, 50% and 61.8% levels which are more reliable. Also price reversal from these levels should be confirmed by RSI, candlestick patterns. Only after that we'll be able to open long trades and join to the up trend.
P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
@DLavrov One another reason for the fall is the successful ICOs such as Bancor Protocol - 396,720 ETH, Aeternity - (PHASE 1+ PHASE 2 ~ 252,000 ETH) and etc. Such companies probably want to sell a part of the ETH to cover expenses for a couple years and reduce risks.
ChristopheVee
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Great posts. Start foto wint you.
How can we short altcoins? Is it possible with kraken account?
DLavrov
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@ChristopheVee, I'm not sure about altcoin. Write to them directly.
JayMac
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Love it when a plan comes together I thing Asia is going to wake up and panic sell escalating the dip to your predictions. Good chart
Ilhams
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Any update plz
DLavrov
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@Ilhams, when I have new signals, I will write new posts
When do you see this correction taking place? Shorted yesterday.
DLavrov
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@JakeSchrom, look at the price action near 400.00 level. If price reverses from this level, probably we'll see down movement. I hope you have a stop order for your short trade. Good luck!