Joseph_Yabwa
Long

DAY TRADING! CONTRACTION & EXPANSION! BUY ETHUSD

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hi traders, we have a potential day trading opportunity here on ethereum . It's a contraction and expansion strategy similar to the one I posted yesterday on gold . We can see that the market came out of the contraction a couple days ago and completed the first phase of the expansion yesterday and followed it up by a 618 Fibonacci retracement correction/pullback and now I think it has begun the second phase of the expansion so i'm looking for this market to go all the way up to either the 127.0 or the 141.0 Fibonacci extension level
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isn't eth follows btc? in your btc prediction, btc should go down. but if eth for sure will go up, so it means btc will go up too.
+5 Reply
Joseph_Yabwa RomanLosev
@RomanLosev, Isn't the title very clear that this is a day trade?? The market is still in a correction that will go down on a higher time fram but this is a lower time frame and the market will move within a range and i'm just predicting that it will go to the upper range so that doesn't change my BTC prediction
+2 Reply
RomanLosev Joseph_Yabwa
@Joseph_Yabwa, thanks for clarifying
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Joseph_Yabwa RomanLosev
No problem, it’s possible to be bullish short term and bearish long term on a currency pair
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Good Job... Bro
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Bravo👏👏
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Well done
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Well this wasn't for a day trade obviously, it actually went down $2.
Do you still see it happening at some point?
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Very good analysis, thank you.
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