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Ethereum (ETH) Looks like Ethereum wants to push up to 232.

已更新

The past two trades I have made 7% and 4% on Ethereum. Right now it looks like the 215 resistance may be broken.

Ethereum keeps testing the 215 level, and is slowly moving down indicating resistance. However, upon the chance we break 215, wait for a retracement before going long with a target at 230+.

Buy:
215 USD

Take Profit:
232-36 USD

Stop Loss
210

However, we have a much safer trade by shorting under the 215 level, so we can have a very tight stop loss and reduce our risk.

Short:
213 USD

Take Profit:
203 USD
185 USD
180 USD

If price action seems weak, I will set a take profit above the current price so I may ride another wave down.

Stop Loss:
215/216 USD

Thanks for viewing! I am current short Ethereum from 213.5 on Bitmex. For people who are new, this trade will be continuously updated until the trade is closed. You may follow me to keep track on this trade, and I expect it to close within the next 48 hours. Feel free to ask if you have any questions.

註釋

Notice how the bulls cannot push the price up past previous highs indicating lack of buying pressure.

註釋

The stop loss on Bitmex will be 215 but on Bitfinex I recommend a stop near 216 due to the price always being slightly higher than Bitmex.

註釋

So far not much is going on, Bitcoin rallied higher but Ether is still stuck in this range. This is similar to the Bitcoin 7300 rally where Ethereum could not break new highs.

交易進行

Wow this took a while, but we did get that breakout.

Long active.

註釋

Buy zone 218, on my alternate Bitmex account, I am short since 222.60. I will take profit 220-218. Stop is 223.50.

Do not buy into a pump. Wait for a retrace. If you end up longing on high buy volume, you will have a very bad entry.

註釋

Small timeframes the the way to go during crazy moments like this. We are currently developing a bull flag. 223.5 is the area to break for another move up.

註釋