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Ethereum
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ETH: Buy if it breaks out

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If ETH breaks out, and stays above the neckline, this is a cup & handle / inverse head& shoulders with a technical target of $160.
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Take some profit at resistance. Watch out for this possibility

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I took profit, Going to re-enter long on the next breakout (above 125)
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(that is ... $125 Bitmex, or $128 bitfinex, the red box above is next breakout zone)
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ETH still going, $130 Bitmex overnight!
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we had a break of big resistance band at 125 and now consolidating above, Buy the re-test

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Never fomo
#NoFomo
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nice re-test!

but wait a bit more ... we need to see it break UP

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... Patience ... snapshot
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a possible path for ETH snapshot
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Danger, will robinson
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ETH is giving the middle finger to bears O_O

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ETH is the duracell bunny, just keeps going and going

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Nearly there!

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Tah dah! Nous sommes arrivee

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Trade closed: target reached
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and this is why you set targets, use stops and take profits on the way up. Hope you got out safely guys!

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Sell snapshot
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Always take profit, and learn when to sell snapshot
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People are asking me 'is it good to buy ETH here?'

When a parabola breaks, it typically retraces 80-90% of the run

(see twitter.com/PeterLBrandt/status/1076229932689158145 )

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ETH is forming a head/shoulders. Watch out for fake breaks!
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New short setup
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If it holds this line, Im buying (going long)
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Holding... snapshot
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Don't get sucked back in. ETH made a lower high, it will go lower after a few more dip buyers try their luck

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Always sell bear divergence on 4hr, 6hr timescale

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If you haven't sold to take profit yet, this is a good place

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I know you all think I'm mad for saying ETH is a sell, but it's risen barely a dollar above my long price target (hit on 24th December) and we now have multiple signs that a top is forming

1./ Bear divergence on many timeframes
2./ Rounded top
3./ decreasing volume

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^ Sorry should say 3./ 'Distribution volume' (higher vol + smaller price range)
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Many chances were given to get out & sell at or above $150. Did you take them?

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Really getting bearish now. Second opportunity to sell above $150 was a gift. Did you take it?

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Update after that sell call !

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Guess what, ETH is painting a bearish head/shoulders pattern, with a bear target of $68. You heard that right

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Still bearish snapshot
DatCryptoBoi
Also on:
Beyond Technical AnalysisETHUSD

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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.
Beyond Technical AnalysisETHUSD
DatCryptoBoi
Also on:

Related publications

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.