Ethereum Short Trade Short

Ethereum / DollarBitfinex

Description

⋅ Feb 4, 2018 2:29 AM

Bearish Wave C ending, so we have last opportunity to short ETHUSD in a subwave configuration.

Estimated Wave 5 Target is 0.618 of Wave 0-3. I will use it as a target. Stop loss for this trade above wave 4 (wave 1 resistance).

Target: 694$
Stop Loss: 1025$

Estimated Wave (C) ending at 600$ price.

Trade active

⋅ Feb 4, 2018 7:24 PM

Trade active

⋅ Feb 4, 2018 11:56 PM

Trade closed: target reached

⋅ Feb 5, 2018 4:49 PM

Manually close the trade in profit at 720

Trade closed: target reached

⋅ Feb 5, 2018 8:18 PM

Target reached as well. Plus we almost done to Estimated wave (C) end.

Comments

anotherruchit

⋅ Feb 5, 2018 9:15 PM

@a.shevelev002 - Hi, I am new to this.. how do you short ETH ? Is there any website/exchange I can use to short ?

raymondadrian1234

⋅ Feb 10, 2018 11:12 AM

@anotherruchit, Try Bitfinex and Bitmex. These two exchange provide Shorting. But I only have experience in Bitfinex, that's why can't say much about Bitmex

josephtse

⋅ Feb 5, 2018 8:51 PM

Do you expect anyone to believe your opinions anymore? You flip flop more than anybody on here.

willspeed

⋅ Feb 5, 2018 7:16 PM

720? it is trading at 673 right now. Nobody can tell. TA is being crushed by market sentiment. TA has no or little value without considering news and market sentiment. IMAO.

ahmed08900

⋅ Feb 5, 2018 8:27 PM

@willspeed, noobs don't understand what TA is. It's usually within 2-5% of the predicted target if done right. Another great analysis by shevelev.

dipsy1848

⋅ Feb 5, 2018 4:58 PM

@a.shevelev002 So is 720 the ETH bottom?

asdfghghj

⋅ Feb 5, 2018 4:55 PM

Cowards you are. I am waiting for 505

asdfghghj

⋅ Feb 5, 2018 4:56 PM

@asdfghghj, :)

TinhoOo

⋅ Feb 5, 2018 4:54 PM

I did not go into the trade. but I was following closely. great analysis
When I grow up, I want to be like you. Hahahaha :)