ArvindMahesh

ArvindMahesh

What's your excuse to short? All the time frames would be bullish if we break 12500. Go long when we do?

ArvindMahesh Updated 

Meet Sloopy. She's a strong independant trendline. She's been rejecting Bitcoin for almost a year now. As much as I want them to get together, looks like it isn't going to happen for a while. Looks like Bitcoin has no choice but to move on now. That last rejection was BAAAD. #PrayforBitcoin

ArvindMahesh Updated 

ETHUSD, unlike BTCUSD broke support levels and retraced over 90% from the top. We are likely to see a bottom in the near future. Unless there is a catalyst aka news, breaking support at 150USD is going to be hard. Most alts exihibit a similar pattern.

ArvindMahesh

Going long at ~7050 with a target of ~8750USD , stop loss at 6750. If we break 6750, flip that long to a short.

ArvindMahesh

Wait for the 1hr stochastic to become overbought and go short. Target 1 ~7200. If we break that, we are heading for a very long way down. So, add more at 6900.

ArvindMahesh

TA is never perfect. The tops and the bottoms found with TA are never precise, they only give an overall idea of how things might be. FOR EDUCATIONAL PURPOSES ONLY.