ETH possible behaviour
تم تحديثه
Ethereum playing at key levels, under 0.01 btc for first time in +10 months.
Green dot lines: remaining support levels
Red dot lines: resistances level
Grey/black lines: fractals of past behaviour of price in similar situations.
Green straight line: All Time High
Red straight line: All Time Low
MACD looking bearish again, it failed (though it tried it) to show a bull signal.
RSI about to reach oversold zone, could be a reversal signal, but we know FOMO in crypto triggers when we are at oversold/bought areas.
EMA and MA looking bearish, EMA since last 5-6 weeks, and MA for 1 week. MA is mostly bearish since July, though it tried to reverse it 2 weeks ago and finally failed 1 week ago.
Current trade:
Target 1: 0.009 -- 40% of initial position
Target 2: 0.0067 -- 60% of initial position
base price 0.0102
Mostly waiting for the perfect set-up. This is a small trade if i compare it with my xmr trade and my btc trade. Will go bigger into this trade if eth, against my expectations, goes up enough.
If eth bounces back up to 0.0156-0.0158 area i'm opening a relatively big short.
If 0.0235 is reached, i'm all-in short.
Green dot lines: remaining support levels
Red dot lines: resistances level
Grey/black lines: fractals of past behaviour of price in similar situations.
Green straight line: All Time High
Red straight line: All Time Low
MACD looking bearish again, it failed (though it tried it) to show a bull signal.
RSI about to reach oversold zone, could be a reversal signal, but we know FOMO in crypto triggers when we are at oversold/bought areas.
EMA and MA looking bearish, EMA since last 5-6 weeks, and MA for 1 week. MA is mostly bearish since July, though it tried to reverse it 2 weeks ago and finally failed 1 week ago.
Current trade:
Target 1: 0.009 -- 40% of initial position
Target 2: 0.0067 -- 60% of initial position
base price 0.0102
Mostly waiting for the perfect set-up. This is a small trade if i compare it with my xmr trade and my btc trade. Will go bigger into this trade if eth, against my expectations, goes up enough.
If eth bounces back up to 0.0156-0.0158 area i'm opening a relatively big short.
If 0.0235 is reached, i'm all-in short.
ملاحظة
BTW: green rectangles are possible long targets + short entry points.
red rectangles are possible short targets + long entry points.
تم فتح الصفقة
Target one reached. Target two following this week.
ملاحظة
If 0.01 is surpassed again probably re-shorting again. As you may already know, a REP whale was hacked and 100k REP and his ETH holding were dumped. This pushed the price as low as 0.0076, i wish i would have been online by then !!
Now an "epic short squeeze" to take money from bottom shorters is being orchested.
Re-shorting at 0.0103 the very same amount i closed at 0.009 earlier today.
Still going small on this trade, BTC "doubting" could boost an ETH reversal anytime soon.
تم فتح الصفقة
My short was refilled at 0.0103.Looking forward to reach 0.009 again pretty soon.
تم فتح الصفقة
It seems we could be back on track
ملاحظة
twitter.com/alistairmilne/status/807199990829432833bloodbath potentially incoming?
تم فتح الصفقة
Late longers squeeze probably incoming. Key level 0.0077, where late full margin longers get liquidated plus local low (so potential stop-loss of tones of traders.
ملاحظة
Added some bits to my short to make it a bit bigger for XMas.SL at break even including fees, just in case manipulators dont rest in holidays.
تم فتح الصفقة
Closed once again 40% of position at 0.009. This trade is pretty profitable so far.
ملاحظة
BTC pressure about to close this trade. Just a bit more, be ready, might arrive tonightملاحظة
Reduced my exposure in this short. Two weeks ago i added some bits to my short at ~0.01 and now i close them at 0.0082.I also close 20% of my initial position at 0.0082. So only 40% of initial position left.
Current status:
40% from 0.0103 to 0.009 X2
20% from 0.0103 to 0.0082
15% from ~0.01 to 0.0082 **(this is the "bits" i talked about in my comment 16 days ago
Profit in % over initial position
5% X2 + 4% + 3% = 17% realized profit + 8% of unrealized profit
Fully closing now my position would mean a 25% net profit, not including any possible margin used.
ملاحظة
Added Stop-Loss at 0.009 just in case, as btc doubting could boost an eth reversal that refused to break $7 resistance several times. If stop-loss reached my total net profit for this trade would be 22% without any margin.
أغلقت الصفقة: تم الوصول لوقف الخسارة
Trade closed. Total profit before margin 22%.
Not bad :/
ملاحظة
Moreover, ETH could be heading to a major long-term bull trendCheck this chart of ETH against EUR in Kraken
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