Long

Updated

ETHUSD

I've been holding a spot position in Ethereum for a long time. I think it has a little more time to take profit.

However, in the short term, I will look for long positions on the three horizontal lines I mentioned. Ethereum usually moves within channels and trends and I think it will return to the trend again.

Note

Here we are.

But.

I will not get a long position.

Note

Worth trying. Longed.

Note

I got the profit before it arrives to the target. Long position is still open.

But,

I also started to hedge it. Entered a short position on a different account. Position total amount is bigger than the long one because it seems sellers are not done yet. Check the 15 m bars you'll see.

Trade closed manually

I closed my long position.

I will wait until white line. If TOTAL wins this line again, I'd like to get more long positions.

Trade active

I am also watching ETH/BTC. White line has an alarm. If BTC.D rises while TOTAL continues to fall, and BTC and ETH fall at the same time, my short position will reach a higher profit.

In any case, I will take profit on my ETH short position on the white horizontal line.

On ETH side, this scenario will happen like this:

Note

Now my position is looking like this.

Note

Keeping my eyes on BTC.D

Note

I'll be honest. I'm a little scared.

Because ETH generally has a structure that progresses by respecting trends.

Although it tries to perpetuate its place in the trend, I hope that it will break and reach my profit-taking points.

You can see my entry and stop point of my short position.

Trade closed: target reached

Calculated

Malthus-JR

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Malthus-JR

Also on: