Ethereum has formed a double bottom on the 15 min timeframe, so we may long here with a stop loss at 200 due to a possible stop hunt below 202. I believe we will rally to 212.
There is also a very slight chance of rallying to 232 USD based on past BTC patterns.
Long:
205
Stop Loss:
200.35
Take profit:
212.7
232
237
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There is also a very slight chance of rallying to 232 USD based on past BTC patterns.
Long:
205
Stop Loss:
200.35
Take profit:
212.7
232
237
Thanks for viewing. I read all comments and respond instantly.
Note
A break of 208 would confirm the correction to the upside.
Order cancelled
Note
Wait for BTC to stabilize.Note
BTC has bullish div with large wall at current price so may move upwards. See if Eth decides to form another bearish pennant,
Note
For Ethereum I am waiting for a wick up and a down fractal. Once we break past that it will confirm our correction upwards.Note
Likely will move upwards.
Trade active
I am watching this and will likely long if BTC can move above 6314Note
Note
New chart updated.
Trade closed: target reached
So far up 7% on the new trade. Please view.Trade closed manually
This trade failed, but the winner can make up for many losers. New trade hit 2 targets, this one will not be updated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.