ETH SHORT IDEA COMPLETE?/def. take profits if shorted/what now?
I posted this on sept 1st under private idea due to being banned from posting content for 10days.... what did he do u ask???? I use to pay more for an advanced subscription that made it so I could post links and other resources like mentioning other peoples ides with links and insight. With my current cheaper Trading View Subscription they will ban me and eventually kick me off if I continue to mention other peoples ideas and include free resources with outside links> the following is my post and short idea I got from TraderMayne on September 1st.
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:// ETHUSDT ETHUSD ETHBTC
_look for ETH to rally to, then reject, around 1670 to 1730 range (if smashes this level look to enter short position (rejection) in low/mid 1800s)
_look to cash in short positions somewhere at or just below 1430-1375 with a 1375 - 1250 the 2nd and in my opinion, the much more likely target in this scenario.
keep in mind here/_depending on how this plays out_ and if that 13 ish support for eth breaks weak_ we will see a whole stink bid set up all over again (800s low 900s (this is my more likely target if we see some serious downside) n maybe hi 600s if things got stupid bad) for the de facto king of ALTs://_ETHEREUM//////////////////////
This is where I would look to take profits if you went for any type of short or variation of that. These, "WHAT NOW" moments in the market always make me nervous. Id rather take profits and wait and see what's next then just trade to trade. In the past this is where I would usually give away my profits or get frustrated and spread my bankroll to thin in to many positions on to many platforms. I would next look at the fear and greed indexes to see what the market mood is, then i check out crypto panic my news aggregator. and from there ill surf a bit of crypto twitter and check in to see what the 1 to 3 traders I follow r up to. From there ill start to decide the next direction or move i want to make in this wild west market. I learned I dont need to make trades everyday.
Crypto has the volatility to provide ample opportunities for 15 to 30 percent plus wins all day. When i wait to trade when i really feal the market trend direction and am highly confident of the next move rather then trading during those "not sure" dont have the best feel for the market times, has been the key for me.
below is a screen shot of my private post from sept 1st when i was banned to post content due to providing links to free content. I got this from tradermayne and refined it to what I was comfortable with IE my version which was 90 percent the same as his.
////////////////////////////////////////////////////////////////////////////////////////////
:// ETHUSDT ETHUSD ETHBTC
_look for ETH to rally to, then reject, around 1670 to 1730 range (if smashes this level look to enter short position (rejection) in low/mid 1800s)
_look to cash in short positions somewhere at or just below 1430-1375 with a 1375 - 1250 the 2nd and in my opinion, the much more likely target in this scenario.
keep in mind here/_depending on how this plays out_ and if that 13 ish support for eth breaks weak_ we will see a whole stink bid set up all over again (800s low 900s (this is my more likely target if we see some serious downside) n maybe hi 600s if things got stupid bad) for the de facto king of ALTs://_ETHEREUM//////////////////////
This is where I would look to take profits if you went for any type of short or variation of that. These, "WHAT NOW" moments in the market always make me nervous. Id rather take profits and wait and see what's next then just trade to trade. In the past this is where I would usually give away my profits or get frustrated and spread my bankroll to thin in to many positions on to many platforms. I would next look at the fear and greed indexes to see what the market mood is, then i check out crypto panic my news aggregator. and from there ill surf a bit of crypto twitter and check in to see what the 1 to 3 traders I follow r up to. From there ill start to decide the next direction or move i want to make in this wild west market. I learned I dont need to make trades everyday.
Crypto has the volatility to provide ample opportunities for 15 to 30 percent plus wins all day. When i wait to trade when i really feal the market trend direction and am highly confident of the next move rather then trading during those "not sure" dont have the best feel for the market times, has been the key for me.
below is a screen shot of my private post from sept 1st when i was banned to post content due to providing links to free content. I got this from tradermayne and refined it to what I was comfortable with IE my version which was 90 percent the same as his.
