SEAN_VENGAN
Long

Ethereum Add To Long Position 304.01 9Oct17

BITSTAMP:ETHUSD   Ethereum / Dollar
Pullback so let's take the opportunity to add some more to our Long position.

Sean Vengan
Professional Trader and Trading Educator

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Kommentar: If this one works, we are aiming for a Big Hitter 6.5:1 Risk Reward trade
Hi Sean do you have a telegram?
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It looks it is testing the 300 line.
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@azotrader, This is teh midpoint of teh flag - the battle ground...
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Is this still valid? I entered yesterday but had stop loss and I was out when the coin went down a lot and I was wondering whether I can come back ? Thanks.
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@j5pu, Yes it is still valid trade
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Looking a little scary... 260's support???
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stefaan EtherSwinger
@EtherSwinger,

looks good, then i get stopped out for 9/10 off my position at 279$ and get back in every 5$ dollars down to 260$ or lower and brake even when it comes back at 280$ (or even lower when it goes further down).


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Surely an unforeseen and unknown variable in that dump of everything yesterday! Fundamentally Im still trying to work out what really happenned?!

I dont believe whales dumping alts to buy btc.

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SEAN_VENGAN DamonDavies
@DamonDavies, I think Damon it was simply a reallocation of funds INTO BTC and OUT of most other Altcoins in order to gain Bitcoin Gold during the Fork Oct25th(approx)
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stefaan DamonDavies
@DamonDavies,

we should have seen it comming. I (as little fish) did saturday exactly the same thing sold my ltc and eth for btc, to hold to the end of the month. So I should not be surprised that a lot off people did the same thing when btc started to rise. But I already did the opposite again. Even a free new btc gold on 15-25% of the original value of btc doesn't match a cheap buy in of ltc and eth, with a mid to longtime potential to go back to a ATH.

With a match of the old ATH for LTC/ETH would the profit be around 90% for LTC and 40% for ETH. If that profit is to be made with btc, it has to rise to 7000$-9000$ I don't think that will happen without another pull back in the road to that kind of money.
So when people start to calculate the percentages, then I think a big part of the btc gain will go back to ltc and eth.

After all people can still buy btc for 2 more weeks before the fork happens.
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