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SuperShibe
Sep 13, 2017 2:26 PM

ETH Bottoms Out Before Q4 Advance to ATH - 1D Cup/Handle 

Ethereum / DollarBitfinex

Description

Will update trading strategy as this evolves.

Currently spot at $257 for 50% of fiat, awaiting $245-250 or higher low.

Margin trading for ETH when reversal confirmed.

Trade with stops!!!

Comment

Trading setup is invalid - the market is very bearish - do not trade this chart.

Will update with a new chart tomorrow.

Trade safe

- Shibe
Comments
DanielBeasley
Better be careful, eth is replicating bitcoin right now and we all know how thats going.... Not a market for the weak hearted right now lol.
SuperShibe
@DanielBeasley, Thanks, do you have any analysis to share?
DanielBeasley
@SuperShibe, I wish I did, but I fear with the recent news and publicity any analysis coming from me would be fruitless.The nature of crypto can be a very hard market to predict on a good day, from my experience when you add all the choas in the mix being caused by governments and news, it becomes that much more difficult, if not impossible. At times like these I implement a hedging strategy and just do the best I can. And scan others ideas to get a general feeling for how the community feels overall for what its worth. And right now it appears the general feeling is we still have a few hundred more dollars to go at best on bitcoin. Which will keep dragging eth with it. But I do hope you have found the magic number, truly I do.
SuperShibe
@DanielBeasley, I will comment more later but have some things to offer from my experience. Trade safe :)
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