Trade Duration: Short
Trade Direction: Short (sell)
Risk: High (margin trading is extremely risky and you can lose your entire balance)
Our Entry Zone
0.034200 - 0.033000
Our Stop Loss: 0.036079
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Ethereum as number 2 cap during " great depression on Bitcoin" (3200$/per Bitcoin) was worth 82$.
Upon Bitcoin rebound was among the first one uptrending and gaining most thefore uptrended 82-157$ (while Bitcoin was moving toward 4200$ and failed in "previous round").
In % terms that is nominal USD gain of 91% which is very impressive having on mind we talking...
ETHUSD is in a similar position to bitcoin at the moment. However I believe we will see a tailing off of volumes which will inevitably send prices lower as buying power fades out at these prices.
We provide commentary on all crypto futures and hold portfolios as indicated.
Grey FX Empire
Last time was stop loss.
Amount of investment is increased by x2.
There was a false breakdown and now a new top will be updated.
Struck and closed higher on Daily chart.
Buy = $158.75
Take Profit = $190.00
Stop Loss = $142.75
Take Profit (x5 Leverage) = +98.45%
Stop Loss (x5 Leverage) = -50.40%
I am currently very bearish on Bitcoin, believing it should not rise past 4000 and stay up. Currently have many limit orders from 3900 and beyond, with some filled already.
Once Bitcoin moves up, it will be time to short Ethereum. Either way Ether should be moving down in the medium term. Eth has been kept up only because of its correlation with Bitcoin. Looking...
Adding a low leverage short here and will add more a little higher.
You can use the ETH/XBT pair.
Look for a 38.2/68.1 pull back from here.
Won't re-enter until I see volume confirm.
Hit the 161.8 target.
Bearish Div on RSI
Strong Supply Order Block
Ascending broadening wedges breaking upwards , that might remind you something if you're not new to this. ETH against bitcoin has started showing nice recovery after breaking that bigger wedge with pink lines . I am already long from 0.027-0.028 range and my initial potential targets are indicated by those green line near the top of the wedge . That yellow wedge...
Did a TA on ETH against USD. The key resistance at $100 is still valid and ETH is now back down at approximately $87. Theres a chance that it might continue to slowly inch down towards the support at $83 if the bearish forces continues. However, it seems like it consolidating within $83 and $93 right now in a trend channel.
ETH/USD(COINBASE/BITMEX) ANALYSIS ( prices are similar and price action too)
ETH/USD short bang on hit on 786 for now we should have bottomed temporarily breaking below our lows once again will be a very very bad sign for eth for now I am longing here for a swing with stop at 190 for bitmex/coinbase , a long from here with a minimum target of our previous high...