f-73

ETH is dead, long live ETH ;)

Long
f-73 Zaktualizowano   
BITFINEX:ETHBTC   Ethereum / Bitcoin
Attractive Long trade from here in terms of risk / reward.
Falling wedge, oversold, massive divergence.

Do your own diligence, take care.

Zlecenie aktywne
Komentarz:
Welcome aboard, gents.

Price should clear 0.029 and 0.034 in order to grant us a smooth ride.
We'll see.
Komentarz:
Oscillators are fine and volume is ok as well.

Now we *need* to paint a decent hammer on today close as well as a bit of luck not to repeat August, 14th failed rebound.


Good luck to everybody.
Komentarz:
Good move.

Now may we have a daily close a bit above 0,030 please ?
I would greatly enjoy a *morning star* here.
Komentarz:
So far so good.
Yet we'll have to carefully wait for daily close.

We'll *should* keep over that resistance ( see yellow circle ) tonight.


You know what it means, right ?
See on left.
Komentarz:
At (wedge) resistance.


20% gain already.
Place a SL, sit and wait.
Komentarz:
By the way, we got a wonderful morning star on volume, as you may notice.
Now patience needed.
Komentarz:
Seemingly a descending broadening wedge.


It should be considered mere consolidation as long as price keeps roughly over 0,031 mark.

Anyway, think about risk management and place a TP accordingly, especially if you enjoyed so far the ride up from 0,027.

Long does not mean careless.
Komentarz:
Descending broadening wedge, just some minor adjustments.
Watch for price action on the edges of the pattern for hints.


Also watch *that candle* on 1H, a hammer on hourly close would be interesting.

Take care, good luck.
Komentarz:

Good luck and have a nice WE.
If you enjoyed the ride "Like" this to see further updated.
Komentarz:
Caution here.

Komentarz:
Pushing again the minor resistance which previously rejected price.


Anyway, still into a (wider) rising wedge.
We knew 0,034 was a key resistence ... patience needed.

Remember to protect your trades.
Komentarz:
It may play a small inverted H&S ... we'll see.
Good luck, good night.
Komentarz:
Come on, let's move.

Komentarz:

Pattern is fine, but time works against bulls.
Come on.
Komentarz:
Now it's very risky.
Break down of rising wedge increasigly likely.
Komentarz:
It's fine.


Let's move over 0,034, it's about time.
Komentarz:
Now we have to get rid of this rising wedge.

Komentarz:
Yesterday close was weak.

Price should break up the channel ( over 0,34 ) in order to resume the rise.
Mosly depends on what BTC is gonna do short term, though.

Komentarz:
About to make its move.


Slightly bullish bias, as weekly looks good.
It mostly depends on Bitcoin next move though.
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