Get your big boy pants out guys, this one is happening real quick. I'm starting to scale in. Ammo locked and loaded to continue scaling in through the low 200's
Fastmarket warning. I'm going to be updating this published post with lower timeframe stuff since the daily isn't low enough resolution. Gonna get real interesting. Going to be an interesting trade considering BTC is nowhere near as rekt as ETH.
I wonder if we'll set some bull divs on the lower timeframe as this thing digests the impulse move we just had.
Measured move play would be quite interesting. That's the main thing I'm banking on. Regardless of what happens, I think we're at the point of "breakeven or profit" for spot longs.
Fastmarket warning. I'm going to be updating this published post with lower timeframe stuff since the daily isn't low enough resolution. Gonna get real interesting. Going to be an interesting trade considering BTC is nowhere near as rekt as ETH.
I wonder if we'll set some bull divs on the lower timeframe as this thing digests the impulse move we just had.
Measured move play would be quite interesting. That's the main thing I'm banking on. Regardless of what happens, I think we're at the point of "breakeven or profit" for spot longs.
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1hr RSI the lowest it's ever been for ETHUSD. SUCH an aggressive move. Short term bounce is inevitable. Note
Reducing size here at resistance Note
Restructuring main orderblock from 225 thru 180This whale on finex is really absorbing a shitload of BTC at 6300, so many coins to buy.
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Added 10% at 278, overall size 15% now. Note
Play still active. 225 got hit, so 20% in now. Readjusted remaining bids to be 202 through 170 based on this recent leg down.
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40% bag built, no chart for a while. Not much else to say as the market keeps falling besides... choo choo.Note
Pretty much filled up over the weekend. 202 through 170 turned out quite well. Next update in a week probably
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AVG after doing the math was $190. Sold a little here at this ABC retrace. Might re-add, dunno. Weekly looks like a plausible bottom, we'll see how this progresses. BTC holding 6k helps this out a lot, hitting my target in the 300's depends on BTC holding the line.
Will see how this develops.
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Took off a little more here. About 30% closed. This is some epic consolidation we're in now, this market has been rangebound for months.#weakhands
Trade closed: stop reached
Panic closed the rest of the posistion. Gonna look back on this and laugh. Bids set at new lows, will probably just post a new chart. This one is too long.
Note
Overall entry was 192, overall exit was 231.
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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.