Ethereum (ETH) Short and long setup. Preparing for next move.

2018年9月18日

Ethereum has broken through 198 causing us to long in the last trade, hitting our first target on Bitmex.

Currently price looks weak so we may have a short entry below 214.7. If price breaks a certain area, it signifies strength and triggers a long.

Short
207 USD

Stop loss:
215 USD

Long:
215 USD

Take profit:
222 USD

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2018年9月18日

交易進行

Short is now active.

2018年9月18日

註釋

When we hit 203, lock in some profits as we may rebound then. If we make a weak rally, you may add to your short position.

2018年9月18日

註釋

If price can move above 215, close shorts and flip long. In theory we should keep breaking the bear fractals.

2018年9月19日

註釋

Looks like forced demand on Bitcoin due to the curve down. The Eth fractals also seem to point down, so if you want to enter, a short would be fine.

Do not enter long here until we see strength.

2018年9月19日

註釋

Low chance of descending channel

2018年9月19日

註釋

So far trade is doing well.

2018年9月19日

註釋

This looks bullish now. Rally upwards may be soon. I will switch long if we do not break the bear fractals and break the bull fractal.

2018年9月19日

註釋

Price should not go below 207, wait for 210 to buy in.

2018年9月19日

註釋

ETh price didn't hold 210, short still active.

2018年9月19日

交易結束：目標達成

203 reached, set take profit slightly above in case of rebound

2018年9月19日

註釋

I believe 187 will be reached eventually.

2018年9月19日

交易進行

New chart will be updated soon when I have time

2018年9月19日

註釋

Please follow me to receive updates as I post them. Most my trades finish within 24 hours and I may switch my position depending on price action.

If you want access to some private charts like this one, just message me

2018年9月19日

註釋

The BTC dump triggered stop losses allowing liquidity to long while the pump did the same and allowed them to exit/short.

This is why the ETF will not be approved due to the low volume that allows for manipulation.

2018年9月19日

註釋

Either way we have set a take profit and have secured the gain with small slippage.

2018年9月19日

註釋

As Ethereum is influenced by Bitcoin, if Bitcoin rallies to 6900, I expect an Ethereum near 232.

Keep in mind Ethereum had its top many days before Bitcoin did and I fully expect the top to be 220-232.

2018年9月19日

註釋

Possible new setup I am looking into.