$ETH - If You Dare To Short the Dreaded "Crash After ATH"
Updated
This is what that short might look like. There's a bearish order block just above the Unbalanced Gap on Jan 19 at 2100 CST at the price of 1396.05
I'm leaving quite a bit of room to be in the red because I see a possibility that it could spike throught the high once again before the fall so I added an extra $10 to the high. But I've been saying it for two days that it would fall a little after the high, retrace about 80% amd then fall again. And the 80% just happened to the perfect moment to make the short. That's the MO we've been seeing in all the other crypto's.
I have marked out 4 take profit zones as I feel those are potential areas it could reach and possibly turn around and go back up with reaching the full 100% of the short trade that I'm calling for.
*My short Idea is more geared towards those playing the Futures or Contracts for Difference markets. And not the people that have a staking or equity account where your ethereum holds value. Don't touch those accounts. Don't try to sell where I say and try to buy back up where I say, that is not how this works. Again, the Idea is for those playing Futures or CFD's. If you don't know what either are, it's just best to ignore this idea :)
Just my two cents, at the same time we see ETH start to decline and have that scare, watch Bitcoin, I'm almost positive it will be on the rise. So if you're a trader, you might be in luck to also get a short out of ETH/BTC.
Good Luck and Happy Trading.
Tedzily aka Bodies X Wix
ETHUSD
I'm leaving quite a bit of room to be in the red because I see a possibility that it could spike throught the high once again before the fall so I added an extra $10 to the high. But I've been saying it for two days that it would fall a little after the high, retrace about 80% amd then fall again. And the 80% just happened to the perfect moment to make the short. That's the MO we've been seeing in all the other crypto's.
I have marked out 4 take profit zones as I feel those are potential areas it could reach and possibly turn around and go back up with reaching the full 100% of the short trade that I'm calling for.
*My short Idea is more geared towards those playing the Futures or Contracts for Difference markets. And not the people that have a staking or equity account where your ethereum holds value. Don't touch those accounts. Don't try to sell where I say and try to buy back up where I say, that is not how this works. Again, the Idea is for those playing Futures or CFD's. If you don't know what either are, it's just best to ignore this idea :)
Just my two cents, at the same time we see ETH start to decline and have that scare, watch Bitcoin, I'm almost positive it will be on the rise. So if you're a trader, you might be in luck to also get a short out of ETH/BTC.
Good Luck and Happy Trading.
Tedzily aka Bodies X Wix
ETHUSDTrade closed: target reached
I didn't get tp my full target but I got past Take profit three and closed and 1165 and then bought. Which is in my next linked idea.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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