As per chart - I longed at $228.00 so have wiggle room for a stop. Price will follow BTC's trend - currently driven by Quarterlies once again. Be sensible and wait it out if you don't want to risk being chopped out. Anyone shorting in the $220-230 range on full margin will have issues if we break out north. Expect the short squeeze to break a lot of...
Trade as here - trailing stop once we pass $300 today
Sorry for the mess but a lot going on here - trade on your own strategy
Potential direction for ETH, stops to the side of the trend lines.
Looks like a descending channel for a short-term down. A break above the descending trend-line invalidates this trade setup. GL and comments are welcome.
Trade setup outlined here. Stops under rising bullish trendline. 4hr close under trendline invalidates setup.
Several key resistance levels here as shown. $51.5 is currently a monster resistance level. The last trade went very well and a 2x of the pot was yielded using margin / key TP levels. Setup is as shown on the chart. A 1D close above $51 invalidates this setup. A 4hr close bellow the 0.382 fib invalidates the cup/handle and we are back to the channel support...
Updated chart, will await the triangle break to take a position.
Small short at this point, will add if we follow the path and hit the descending trend line.
Ideas only - not trading this yet, if we see a close under structure I will short to TP1 and TP2. TA done for ETHBTC as that is driving price action.
Idea based on fundamental support regions, personal opinion on bigger time frame only.
It looks like we have a bull flag breakout coming on ETHBTC. Wait for a confirmation if you were not long at 0.046. If you were in at 0.046 then have a tight trailing stop at 0.0475. Confirmation should be a long green candle on the 1hr chart to 0.050, do not be afraid to wait and go in on a pullback at that level. Under normal conditions one would expect the...
After being out of the market for a few days to let things cool off I gave gone back in long with the current strategy as a trading setup. If you want to wait for real confirmation of this then wait for clean clearance of the resistance at $53. I have only used 50% of my stack in this position, I will go all in past $53 or use in the event of a pullback to sub...
Update from yesterday, we were squeezed higher to $1060 by the MM's and failed to reach the descending 4HR 100SMA. Nice HS pattern on the 1HR chart, if we break the neck line on increased selling volume expect a retrace back to the 0.618 fib of this bounce and rebound from the descending fib-fan level. Ultimate target is a still a test of the long term rising...