Ethereum (ETH) High chance of testing 215 if conditions are met.

2018年9月15日

This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation.

On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.

Short:
221 USD

Take Profit:
215 USD

Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.

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2018年9月15日

註釋

RSI should not cross above 50 ideally.

2018年9月15日

註釋

So far all conditions have been met, stop set at 224.

2018年9月15日

註釋

Stop moved down to entry price of 223. If once we hit target, set a stop to lock in profits and then wait, as BTC could break down 48 hours.

2018年9月16日

註釋

On track

2018年9月16日

交易結束：目標達成

I closed most my position and moved my stop loss down to 222

2018年9月16日

交易結束：目標達成

218.61 is new stop loss, I have locked in this trade for around 2.5%.

2018年9月16日

註釋

By the way, I expect ETH to breakdown, so I will add if that does occur. I think we will form new lows along with Bitcoin.

2018年9月16日

註釋

Yup as predicted we broke down.

2018年9月16日

註釋

For now I expect recovery due to the spike in Bitmex liquidations, so Bitcoin will recover, pulling Ether along with it.

2018年9月16日

註釋

Long with 1.1 risk/reward

2018年9月16日

註釋

We should stay above 210 if this is the bottom.

2018年9月16日

註釋

Looks like that was the bottom. I expect a second test of 210 and a push upwards.

2018年9月16日

註釋

Short 218 level for a quick scalp with a very good risk/reward.

2018年9月16日

手動結束交易

Trade is complete. New trade will be updated.

2018年9月16日

註釋

2018年9月16日

交易進行

Please view my new idea