10X ETH QUICK TAP TRADE ON BITMEX

Sep 11, 2018

ETHERUEM has been extended in the move, This will be a quick TAP trade back up to the targets I have marked.

ENTRY IS 175-185 10X BITMEX

STOP IS 169

TARGET 1 : 200
TARGET 2 : 220



overall direction is still bearish so dont be afraid to lock in 50% profits at TARGET 1 and take 25% at TARGET 2 and let the last 25% run and IF ETH reaches 240 which isnt a high probability target at the moment, then look to take profit at 240 but IF it passes 240 let it run and if price action falls back to 240 take the last 25% profit.

same with TARGET 2 , if we pass target 2, let it run ...If price action stalls and starts to fall back on TARGET 2. take the 25% off.

THIS ISNT FINANCIAL ADVICE, JUST ME JOURNALING MY TRADES .

Sep 12, 2018

Trade active

Im adding to this position between 175 and 165 . Same size postion or half position of your first. Low SELLSIDE volume as we push through the lows is negative for the downside momentum.

Sep 12, 2018

Comment

****NOTE** THE BTC SHORTS CHART HAS NOTHING TO DO WITH THIS TRADE-FORGOT TO TAKE IT OFF.

Sep 12, 2018

Comment

VERY POSITIVE DEVELOPMENT on this trade. Building into these trades is all about timing and I think I might have been a day early, BUT just a few hours ago HUGE SHORT positions were made in a short amount of time over at BITFINEX. The rate of change when entering and exiting a market is what I always look for. This is pretty significant as the market pushes lower. The same reason I short the BTC move from 73xx was because shorts piled in with a fast rate of change BEFORE the turn...soooI will add to this one ALL THE WAY TO 155 with 2 more positions. Ive got 2 positions in already.

Sep 13, 2018

Comment

^^^^^^^^^^^
**** HUGE LONG POSITIONS WERE MADE NOT SHORT POSITIONS**** sorry

Sep 13, 2018

Trade active

Adding to position and increasing leverage to 20X at this demand zone (RED).

will add down to 180 if ETH heads that way.

Sep 13, 2018

Trade closed: target reached

TARGET ONE REACHED!
UP +221% AND TOOK 1/4 OF POSITION OFF AT 200

LOOKING FOR TARGET 2
WATCH THOSE LEVELS FOR TOPSIDE RESISTANCE.

Sep 14, 2018

Trade closed: target reached

TARGET 2 REACHED

I NOW ONLY HAVE 25% OF MY TOTAL POSITION LEFT IN THIS TRADE AS IT HAS BECOME EXTENDED IN STRUCTURE AND BEARISH STRUCTURE IS STARTING TO BUILD .

I WILL LET THIS RUN AS WE MAY SEE 240-250 BUT THE PROBABILITY IS NOT HIGH ON THAT MOVE.
IM STILL WATCHING FOR THE BIGGER BITDINEX LONG POSITION TO UNWIND. THIS WILL BE OUR LEADING INDICATOR.

Sep 15, 2018

Trade active

STILL ACTIVE IN THIS TRADE.

HIGHER TARGETS BEING REACHED ON LOW VOLUME
THERE ARE MORE ETH LEV. LONGS COMING INTO THIS TRADE AS LATE ACTION SO THIS IS EXACTLY WHAT THE HEAVY MONEY NEEDS TO GET OUT OF THEIR LONG POSITIONS I WROTE ABOUT ABOVE.

I AM ABOUT TO START HEDGING MY POSITION AND START BUILDING MY SHORT FOR THE TURN.

WILL PUT OUT A NEW TRADE SET UP WITH THAT.

STAY ALERT AND WATCH WHAT THE MARKET GIVES YOU.