I have been short for the past week since the fall earlier this week which closed below the trend line. Like everyone else, I've been watching this descending triangle/falling wedge anticipating a big move. Along with this large structure setup, the US/China trade war ongoing, and the much anticipated launch of BAKKT; I was looking for a nice dump to re-touch the...
Using trendline strategy w/ 1:1 TP/SL ratio ETHUSD has a SHORT set up w/ TP around $130. The initial break occurred on Aug. 14 w/ strong close below and confirmation w/ this weeks run to $204 which allowed for a better entry. Looking for a target date around Aug. 30 but may take up to Sept. 20. Should not take more than 30days. As always NEVER enter a trade at...
Using 1:1 TP/SL points based on trendline breaks, people taking profits out now are leaving money on the table. Remember, scale in of each trade and scale out.
I don't know why this trading view only goes back to Feb of 2017 but if you use Bitmex look at the chart they provide and this yellow trend line starts on Aug 2 2016 ($469) and is hit two days in a row on Jan 11 and 12 of 2017 ($725) and almost hit again on March 25 2017 ($890). Using those points this is the most accurate trend line I've found with the current...
I don't know why this trading view only goes back to Feb of 2017 but if you use Bitmex look at the chart they provide and this yellow trend line starts on Aug 2 2016 ($469) and is hit two days in a row on Jan 11 and 12 of 2017 ($725) and almost hit again on March 25 2017 ($890). Using those points this is the most accurate trend line I've found with the current...
I don't know why this trading view only goes back to Feb of 2017 but if you use Bitmex look at the chart they provide and this yellow trend line starts on Aug 2 2016 ($469) and is hit two days in a row on Jan 11 and 12 of 2017 ($725) and almost hit again on March 25 2017 ($890). Using those points this is the most accurate trend line I've found with the current...
Based on this latest descending trend line with the base around 6500, lower highs and more lower highs. It should hit its last high tonight around $7k then dump.