Short

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

Aktualisiert

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

Thanks for viewing! Please view my past ideas in the related ideas section.

Trade ist aktiv

Short is now active.

Anmerkung

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.

Anmerkung

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

Anmerkung

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.

Anmerkung

Low chance of descending channel

Anmerkung

So far trade is doing well.

Anmerkung

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.

Anmerkung

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

Anmerkung

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

Trade geschlossen: Ziel wurde erreicht

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

Anmerkung

I believe 187 will be reached eventually.

Trade ist aktiv

New chart will be updated soon when I have time

Anmerkung

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

Anmerkung

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.

Anmerkung

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

Anmerkung

Bitcoin (BTC) The Bitcoin high may be 6992. The bottom is 3500.

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.

Anmerkung

Ethereum (ETH) Short trade setup and long if conditions are met.

Possible new setup I am looking into.

HD1184K

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