ridethepig

ridethepig | ETH Market Commentary 2020.07.23

看多
ridethepig 已更新   
BITMEX:ETHUSD   None
The number of available entries in ETH, to a certain extent compensates those short-term speculators as we can get this to $300.00 relatively quickly with no more protection.

=> As the saying goes.. 'A rising tide lifts all boats'


This illustrates the play on the BTC wings. It is also characteristic for the fearless to generate alpha and neglect sellers weakness across the major cryptos. ETH will benefit from the general optimism around the Crypto board as well as the latent dollar weakness. I wouldn't be surprised if we saw more ETH buying, especially since EOS is likely to remain in first gear for the foreseeable future.

Here $250/$255 is the preferred entry.

...a momentum break above $270 is also worth considering if we are unable to get enough size on the pullback. There doesn't seem to be any significant resistance level from here, will track $300.00 as a healthy target.

Thanks as usual for keeping the feedback coming 👍 or 👎
交易進行:
No luck on the cheap fills... Momentum plays at 270 only, good luck all those on the bid.
評論:
For those wanting to add to positions:

交易結束:目標達成:
A flawless momentum play ✅

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。