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FX_CouchPotato
Jan 29, 2018 3:32 PM

Ethereum good opportunity to enter short, Bat pattern Short

Ethereum / DollarBitfinex

Description

BITSTAMP:ETHUSD

Hello traders, looks like ETH has formed a Bat pattern it's a good time to enter short with stops above D.

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Profit partially fixed at 795

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Comment

First target at 765 reached!

Comment

Approaching second target!

Trade closed manually

Closed at 648. Will re-enter after it brakes below the support line

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Target hit, but I am going to keep short open for a while, it seems that ETH has a potential to sink much much lower!

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Approaching critical 400 level

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400 hit, but I'll keep the short opened for a white, ETH might reach 200 in a very near future. Let's see how it goes

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Oh my.......

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My best short ever!
Comments
Seviii
Lol no :)) i dont think anything below 1k is possible, without the market crashing entirely
FX_CouchPotato
@Seviii,Frankly speaking I see absolutely nothing special about 1k figure.
FX_CouchPotato
@Seviii, We are below 1K, doesn't look impossible now.
Seviii
@Fx_Guru, Yea, but as i said " without the market crashing entirely" what is happening right now. ETH is still doing "Ok" in this bloodbath. Your Chart was related on eth with your bat pattern. BTC is crashing = market follows.
cryptjdaily
Whats the update to this one? Look's like it just failed the final support trend line on a retest candle. Unless positive volume increases, we still going down. Curious to know your targets in mind to close shorts.
aozan88
i guess 1000 usd is the psycological level. but 450 usd is insane. even 700 usd seems impossible :)
FX_CouchPotato
@aozan88, Not so long time ago the same thing would have been said about ETH hitting 1400, but it became a reality. There is nothing wrong with ETH coming back to where it started, there is no such thing as "insane" on the market.
aozan88
@Fx_Guru, yep you're right nothing is insane on the market and i agree that eth will make a big correction. but even it will go under 1000k, it would stop falling somewhere over 700 usd. I hope you will be right and we would collect some ETH from 450 dollars. thanks so much :)
FX_CouchPotato
@aozan88, I hope you're enjoying the ride as I am
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