EthereumLong
Plunge Protection Team
Updated
Not a bad area to start accumulating ETH around the volume consolidation earlier last year. I like it. Will be all-in by 310 or so.
The rising open long interest on Bitfinex worries me though. Wonder if we'll see a cascade to finish it off or not. Over 100,000 eth longs opened $440 through $380.
That bear trendline is awfully close and will RIP once we break it. 500's would be nice.
My first buy just hit at 368.
Not investing advice, risk is your own, this is my blog, etc, etc.
The rising open long interest on Bitfinex worries me though. Wonder if we'll see a cascade to finish it off or not. Over 100,000 eth longs opened $440 through $380.
That bear trendline is awfully close and will RIP once we break it. 500's would be nice.
My first buy just hit at 368.
Not investing advice, risk is your own, this is my blog, etc, etc.
Note
This would also coincide with the bottom of the ETHBTC channel. This channel doesn't have much life left in it I think though. Probably the last grasp before years of consolidation. Note
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Note
Sold half at 498
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Sold a quarter at 515Trade closed: target reached
Sold the final 25% at 532375 avg entry -- > 511 avg exit = 35% ROI
thank you come again. Probably gonna be the last setup for a while. It's unfortunate my entire bidrange didn't get hit so I was not near full size on this trade, but still, can't complain.
Note
Oh and now that I've sold, we can now rally to $650+ over the coming monthsNote
lol this market is hilarious
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