Hi, Dear Experts
Crypto world is weak again, maybe caused by the new year festival, crypto sharks are leave for their holidays?
My opinion on ETH was short from here, actually I have short from 140 USD last night.
From the daily candlestick :
Obvious pattern has been formed for the trend reverse:
Double top formed
First top on 24.Dec, second in 29.Dec, the worst thing is along with the double top, the form of each top candlestick is net good, hammer-style means the strength of longs exhausted in the fight on the top battleground.
Volume
Huge volume happen in 24.Dec, but from the form of candlestick: even the huge volume, long cannot drive to a higher price, and the volume of second top cannot reach the first one, so new high failed, double top formed.
From the 15 mins:
Short resistance
Short resistance in about 117-120 USD, may bounce in here, but if it failed to hold, let's see our target ~ 90 USD reach.
Stop loss
If daily close price over 145USD, stop the short task.
Thanks!
BR//Kevin
Crypto world is weak again, maybe caused by the new year festival, crypto sharks are leave for their holidays?
My opinion on ETH was short from here, actually I have short from 140 USD last night.
From the daily candlestick :
Obvious pattern has been formed for the trend reverse:
Double top formed
First top on 24.Dec, second in 29.Dec, the worst thing is along with the double top, the form of each top candlestick is net good, hammer-style means the strength of longs exhausted in the fight on the top battleground.
Volume
Huge volume happen in 24.Dec, but from the form of candlestick: even the huge volume, long cannot drive to a higher price, and the volume of second top cannot reach the first one, so new high failed, double top formed.
From the 15 mins:
Short resistance
Short resistance in about 117-120 USD, may bounce in here, but if it failed to hold, let's see our target ~ 90 USD reach.
Stop loss
If daily close price over 145USD, stop the short task.
Thanks!
BR//Kevin
交易進行:
Let's have a look at the Bitcoin with 15m chart.
Still inside the downside channel, I think a upside test will be happen in near future, if it succeed, not a good news for our shorting ETH activity. will keep an eye on bitcoin.
How about ETH?
ETH want to break out the downside channel, but the volume is not good for the trial. still inside downside channel, need decent volume to breakout.
Still inside the downside channel, I think a upside test will be happen in near future, if it succeed, not a good news for our shorting ETH activity. will keep an eye on bitcoin.
How about ETH?
ETH want to break out the downside channel, but the volume is not good for the trial. still inside downside channel, need decent volume to breakout.
評論:
First scenario happen, the worst thing still no volume trying to breakout, double top formed, let's see dropping..
First scenario happen, the worst thing still no volume trying to breakout, double top formed, let's see dropping..
評論:
Very fierce battle in ~ 140, just a little bit to reach our stop loss target ~ 145. the bull are still want to hold and fight for the ~ 140, I'm not sure currently about the direction of ETH, just hold until stop loss.
交易結束：達到停損點:
Stop loss reached with good volume breakout, cancel short.
評論:
In this threads, any lessons learn by myself?
1. What's the purpose of this trading? short term, middle term or long term?
2. Is the stop-loss target OK with my purpose?
..Will thinking and update later.
1. What's the purpose of this trading? short term, middle term or long term?
2. Is the stop-loss target OK with my purpose?
..Will thinking and update later.
It's indicate the decision time near for ETH, I have two ideas what will be happen:
1. retest 140~141, failed, double bottom form, price go down.
2. retest 140-141, break out with high volume, price go up, we may consider to cancel the shorting orders.