panconpalta

ETP has topped

Short
panconpalta Aktualisiert   
BITFINEX:ETPUSD   None
Best coin to hedge open long positions at other altcoins that are ready to pop soon.
4h Lagging span confirms end of the uptrend for now. Huge bearish div at volume and price. Seems like the party is over here.
3.17-3.30 is the best entry
Trade ist aktiv:
1D confirmation with Lagging Span this guy isn't going much higher. Breaking down 2.98 would lead to at least 2.45. I'm still hedging my open long position with ETP shorts. Pretty much the only altcoin I want to be short now.
Kommentar:
3.55 should be a reasonable stop for this idea to reevaluate further. Would be stupid holding this hedge to pay funding 6 more months if for some reason this guy goes to like 5-6$
Trade ist aktiv:
Looking good. Slow but good. Break of $3 should trigger edge to edge Ichimoku short trade to ~$2.10 and will be the reason to double down shorts taken around $3.30. But I myself will hold this baby until it bleads out to $1.20-1.40
Trade geschlossen: Ziel wurde erreicht:
Target reached, closing position to reopen at 2.39-2.49
Kommentar:
Fall to as low as 1.70 with no retrace was a little unexpected. Well, in case it's not going back to 2.39-2.59 I'm fine with my 40% profits. Not closing 40% short to reshort higher is usually a stupid play
Trade wurde manuell geschlossen:
That escalated quicker than expected. Going to close this idea. ETP is dead.
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