Potential Retest of August Low
Updated
ETH recently went below the 2 week support — correlated with BTC move upward. Now retracing in continued BTC correlation. IF BTC uptrend continues, I suspect to see ETH dive toward 30d low. I will be monitoring trade relevance over the next 12 hours looking for entry confirmation. Stops are currently set tight.
Note
Trade is lining up for entry. Will update when/if opened.Trade active
Entry on target - opened position. Stops slightly above 19.Note
Important support and resistance intersection in the next couple hours.puu.sh/r6Ihq/4a70d214b9.png
Trade closed: stop reached
That escalated quickly. Better luck next time.
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