Golb

Golb

$620 has been breached, a MS break has been confirmed on the LTF. From here I would like to see a dip in to the highlighted zone at $600. If price makes a higher low there then I would be more confident the reversal towards $820 might be in. Good area for a swing trade. Caught the low of the week and I’m hedging, not bad for a Tuesday. I will update when...

Golb

Nothing much to do but wait for the scenario to okay itself out. I wouldn’t rule out another visit to my long zone, apart from that I’ll be waiting for $620 to come in to play once again. That $620 zone should slow price down and give me more information to work with. I win some I lose some, as long as the losses smaller then the gains I’m content.

Golb

My first limit order filled. Took another 25% off my short position. I’m total I took 75% of the position off and still have 25% running with stops at BE I would like to see if I can hedge this higher.

Golb

Price is working its way towards my long zone. There was a little consolation below $620 but it has now been taken out. I believe ETHUSD has a little more legs to the downside before any movement higher. I’m now looking for any reaction to my zone. I will post my entry when it happens.

Golb

The are between $0.45 and $0.30 has been very inefficient in the passed. This is part of the reason I believe if 0.45 is lost then we might see $0.30 - $0.24 very quickly. The weekly chart gives a better view of this idea. Last weeks candle was a bearish one when I look at it, the lows and highs were swept before price closed bullish. Last weeks low is in that...

Golb

$0.48 was me, now I’m on to the next. Just entered a small position and entered long. Using the $0.45 low as protection. Ideally that low will hold but even if it is taken I’m sure it will bounce and gives me another opportunity to enter. My previous long took me two shots to get. I will be looking to ad proper size at my $0.48 zone. I will be initially...

Golb

Gold very recently dipped in to a pool of liquidity (last significant low before a large move up) that led to the parabolic rally that printed new highs. As soon as the violation happened we saw rally that violated the bearish market structure on the daily timeframe giving very bullish signals. This correction might not be over but there is an opportunity to...

Golb

Price is reacting to $620 on the LTF this is further highlighting the importance of this level to me. The market may continue lower or reverse higher, I don’t care but I know my entry would play itself out here. I still think we see $580 as the last significant low is in that zone and I expect it to get swept. Price may bounce at $600 but it doesn’t matter to me...

Golb

When price reacts like this to me level/zone it helps reinforce my trade bias. If price is going higher from here I would need price to interact with this zone again and build market structure to work with. I need more information to build the full picture of where my stops would be and what would constitute an invalidation/continuation to my next level to...

Golb

Price action is playing out as expected, XRPUSD came and tapped my $0.52 zone beautifully. At the time of writing this price is currently in the first of my long zones as mentioned in my previous post. I’m not hunting for a long position but I would like price to give me a bit more MS to work with. The plan from here is to sit and wait, I still have 50% of the...

Golb

As I mentioned in a previous post, when price moves it will be swift. My $620 initial target has been met an I took off 50% of the position. As ugly as this sell off may be, it’s still a very good chance to buy back ETH at lower prices. The sell off is coming at the very beginning of the week and will scare a lot of people off. For me this is just an...

Golb

Price came very close to my $0.52 target. I have no risk in this trade so I can let it play itself out and watch it create MS for me to work off in the near future. Still the same idea, ride the dip then buy it back lower if the chance presents itself Let’s see how this week plays its

Golb

Price moved lower from my entry more confirmation of a slight dip. I have moved my stops to just above yesterday’s high. I believe if price makes its way back up to the zone I shorted from then I can find a better entry on a sweep of the highs. The more price is developing, the more I see the dip happening. I have minimized my losses as much as possible Let’s...

Golb

Price once again tested $0.60 and rejected, this is just more confirmation of the relevance of this level. Having said that, I don’t think it would survive another test and I’m moving my stops just below $0.60 to minimize the risk in the trade. I maintain the same targets and will slowly scale off as they are met. I also have a short running on ETHUSD which...

Golb

ETHUSD has been moving sideways for the past few days, I still believe we see a dip before another impulse higher. On the lower timeframe MS has been violated and I’m now short. I have a small stop on this position expecting the sweep of the stops below $580

Golb

$0.60 seems to be holding nicely, after the deviation to take to the stops above price is moving lower. I’m keeping an eye on the weekly candle is this move lower could turn ugly very quickly. If price returns to $0.60 I will watching for an opportunity to long towards the $0.92 area. These could both happen very quickly with XRP being as volatile as it is....

Golb

Price came back and tested $0.60 i just entered short with a stop at $0.63 targets $0.48 Let’s see how it plays out

Golb

This weeks candle hat taken out both the high and the low of the previous week. That is usually one of my early warning signals for a potential reversal. A move from here to $0.30 would be a healthy correction and could happen very quickly. It would fill the inefficiencies and take out the stops of anyone who has been trailing their stops. Overall I’m bullish...