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bottlenekdolfin
Sep 19, 2019 5:01 PM

ETH reaching trend line, MFI seems low, possible bearish diverge Short

Ethereum / DollarBitfinex

Description

ETH is getting high making a higher high, mfi is making a higher low. Be careful. If I had a long i'd close now. Good time to short. If we break trend you can close.

Trade closed manually

MFI is making lower low and chart is making a higher low. I'm closing my short to be safe. Still a chance of dropping to 196 but my bitcoin chart is calling for a bullish reversal.
Comments
Therustyb
DAYUM HE WAS RIGHT
Therustyb
look like a C&H to me bro. but i have a tight sl. been long 100x since 181
bottlenekdolfin
@Therustyb, I don't use cup and handle, or most chart patterns, except for wedges. I use trend lines, and horizontals. I use the oscillators to tell if we'll break trend or reversal. Whatever has been working for you tho. I'm not a professional trader.
privatewins
This sounds dumb. ETH keeps going up.
bottlenekdolfin
@privatewins, We'll see
bottlenekdolfin
@privatewins, Looks a lot better now doesn't it?
SHITSHILLER
I agree

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