ETH short opportunity
Zaktualizowano
- network instability
- transaction delays
- security concerns
- Focus on BTC
- Summer prices settling (notorious bear season for crypto)
With all things mentioned fresh on the minds of traders it is no surprise that ETH crashed through the previously established trend line, leaving us with a new potential target at a previously established ceiling and fib line from initial breakout. Though this correction represents massive movement, it is not abnormal with respect to the first real breakout, and falls on a fib line when we approach it from that perspective. I entered this trade .079 and added @ .071.
Target 1 = .062
Target 2 = .05
I would not be surprised to see this slip back to .02 levels before the bulls return at the end of summer.
Good luck to all!
- transaction delays
- security concerns
- Focus on BTC
- Summer prices settling (notorious bear season for crypto)
With all things mentioned fresh on the minds of traders it is no surprise that ETH crashed through the previously established trend line, leaving us with a new potential target at a previously established ceiling and fib line from initial breakout. Though this correction represents massive movement, it is not abnormal with respect to the first real breakout, and falls on a fib line when we approach it from that perspective. I entered this trade .079 and added @ .071.
Target 1 = .062
Target 2 = .05
I would not be surprised to see this slip back to .02 levels before the bulls return at the end of summer.
Good luck to all!
Zlecenie zamknięto ręcznie
Due to unexpected BTC consolidation, and the coming, I have closed this trade.Zlecenie aktywne
Bearish movement confirmed, ETH relationship to BTC remains inverse. Initial targets still active.Transakcja zamknięta: osiągnięto wyznaczony cel
Due to the succession of lower lows, I'm exiting this trade.....Though I suspect ETH could continue to slip, I'm currently staying out of it. To much risk involved with the increased volatility created by the BTC market.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.