ETHUSD - I think we will go lower for now. how low IDK
Updated
Once ETH broke to the downside of the H1 triangle (stipulated black) I went short @129$
I'm trailing the SL 5$ above the trendline, atm of writing SL is only 133$.
Overall bearish since this virus seems to be just starting. More and more countries are closing down and taking desperate measures to fight this.
On top of that we are at record high debt and I Still think the stock market is overvalued.
Like Peter schiff said, the virus is just the pin that will pop the balloon.
But knowing how volatile and unpredictable the cryptomarket is, I Wouldnt even be surpised if we bounced to 190$. At that point I will open a new short. And if even that one gets stopped out, well then fuck me lol
I'm trailing the SL 5$ above the trendline, atm of writing SL is only 133$.
Overall bearish since this virus seems to be just starting. More and more countries are closing down and taking desperate measures to fight this.
On top of that we are at record high debt and I Still think the stock market is overvalued.
Like Peter schiff said, the virus is just the pin that will pop the balloon.
But knowing how volatile and unpredictable the cryptomarket is, I Wouldnt even be surpised if we bounced to 190$. At that point I will open a new short. And if even that one gets stopped out, well then fuck me lol
Comment
entry short was 127.4$, not 129$.Comment
Moved sL to 130, above what looks like the bull trapTrade closed: stop reached
Trade active
re-entered at <120$. This will be my last short attempt. Still havent decided for a target. 85$ seems reasonable but considering the world situation I Really think we can go much lower. 50$ perhaps.
If we reach 85$ i'll place SL at 110$ to make up for the other trade and this trade.
Then look out for signs of reversal
Trade closed: stop reached
Its breaching out of the largest triangle. As everything else crashed hard yesterday im surpised that bitcoin and ethereum didnt.
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