ETH/BTS: Long ETH with BTS
Updated
We have a nice setup here, the idea is to short or sell BTS, to buy ETH here, risking a 31% drop, to potentially achieve 121%+ returns in a short time. There is a very clear uptrend here, supported by fundamentals, considering how ETH resulted in a larger success, offering a similar thing to BTS, making it a good candidate for a pair trade.
To take this trade, you'd long ETHBTC with enough size to risk 1% if price moves against you by 33.5% in ETHBTC and 29.79% in BTSBTC respectively.
Check out my updated track record here: pastebin.com/6CyyqnPT
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Cheers!
Ivan Labrie
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
To take this trade, you'd long ETHBTC with enough size to risk 1% if price moves against you by 33.5% in ETHBTC and 29.79% in BTSBTC respectively.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: [url=tradingview.com/chat/ ]
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Note
2 smaller range days in a row, good.We should see upside very soon.
Trade closed manually
I don't like how far it sold off today. I'd rather exit this position here.Note
Turning around, now might be the time to enter.Note
Blamm, take that BTS.
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