ETHUSD diving, until where?
Updated
Hi,
still away from desk, but here is the 3rd update after BCHUSD and BTCUSD...
Attraction to the equal leg area here...
The dive is steep but we got ourselves into a FLAT from 832.37 and FLAT sucks.
I better lower the position size and keep stop below 358.40 as 428.30 is no protection.
Stressing time ...
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 28/05/2018-02/06/2018, no charts exceptionally
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
still away from desk, but here is the 3rd update after BCHUSD and BTCUSD...
Attraction to the equal leg area here...
The dive is steep but we got ourselves into a FLAT from 832.37 and FLAT sucks.
I better lower the position size and keep stop below 358.40 as 428.30 is no protection.
Stressing time ...
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 28/05/2018-02/06/2018, no charts exceptionally
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Trade active
ETHUSD offered a gift!548.78 in 4h and 529.99 for textbook FLAT from 832.37.
I got stopped out on 1st attempt at 638ish, now market will do its thing. Patience.
Trade closed: stop reached
506.30 taken out. No open position in ETH but current count is denied.I suspect (to stay on the bullish note, meaning we are correcting the highs) triple correction as rsi divergence denied with last low.
I will be away from desk for 2 weeks but will make an update on higher time frame this weekend.
Buying triple correction is never a good idea, neither FLAT, so prefer lower time frame until opportunity for swing trade.
Disclaimer
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