I liked the price, i liked the reaction to the big sell off, so trying a long here, my entry point could be much better , i have wrong engineered my entry point and also missed a good entry. We will see where we go.
ETH is hesitant to make big moves as BTC does but i believe if it moves we can reach to 160 easily even 180-200 area, trying a long enterance here,
I believe if we can close this 4H candle over 8305 upside momentum can continue up to 9500 maybe even more, trying a long setup here.
After losing too many trades yesterday we are making a fresh start, i wish i had my yesterdays positions today , i could have doubled my account. Anyways at least mu EOS short covered almost all the trades i lost. I was very surprised when i saw this morning a big green candle, i could jump on ETH train from 129.80 and i should have closed this setup on 133, but...
I had one long position stopped out today but i insist to open a long position unless we lose the main support on 7040, sell volume is not good so i suspect this could be only a manipulation of MM to create more liquidations for its longs. We will see. My long ETH setup is also active.
Considering all the alts charts and ETH longs are being closed last couple days, i am expecting a bounce to break 138 resistance , however this could be a bad setup since my stop was almost hit but thanks to god it didn't, it seems to me an overtrown price action and i expect a nice rise on the price from this point we will see how it goes, By the way, i have...
I think EOS is on a very strong resistance, so opened a short position with a tight stop loss
I believe a strong reaction can be seen in the near future for XRP, not financial advice
EN: I do not think price action is good enough to start a bull rally, i believe bulls need more liquidation which i believe they will find around 63xx, so i opened a short position with minimal risk and moved my stop to a profit area. I am not a professional trader and i strongly recommend not to take my positions seriously, the only purpose i am sharing this...