ETP short idea

We are getting a bit extended, with divergences showing on higher timeframes, there is 60 % chance of reaching higher box. So this should be pretty nice risk to reward trade, keep an eye on it and have in mind there might not be liquidity when needed, so reserve some margin.
Comment: We had a nice 20% retracement to 1st green box, 2nd box for short hit, now am expecting deeper retracement. Divergences are strong, volume is decreasing this should be a nice short.
Comment: Well image is not working I guess.

I posted this few days ago, hope it helps
that coin is fkn manipulated
cryptoworldnews GordonGekko33
@GordonGekko33, Well, someone probably controls supply, so careful :)
Thanks for this, quick question if that's ok. On your original analysis on Aug 2nd you said there is a 60% of hitting the higher box. Can i ask how you arrived at that number? Trying to learn myself and i'm just curious

Thanks in advance
@DoctorEggo, Hi there it was my personal estimate based on current market conditions at the time. Usually I try to evaluate that based on volume, indicators that I use, sentiment and fundamentals behind certain asset. In this case it looked like it was likely to reach it.
DoctorEggo cryptoworldnews
@cryptoworldnews, Thanks for the reply man appreciate it. :)
@DoctorEggo, No problem, happy trading :)
Yeah I added some margin funds to protect against liquidation when it was surging up to 2.7, I will probably close the position if we don’t see some downward movement from here, thanks for the advice :)
cryptoworldnews PeterCouchman
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