Out of BTC LTC ETH, ETH it is now the strongest bullish one! And LTC lagging behind struggling to go up. So it's pretty simple, Ethereum is overbought on the daily, people are losing it buying at the top. Just like they kept selling at the bottom when I said it was way oversold and even bought a few. It could easily get a 40% drop lol, as it has plenty of times before in similar (fomo) conditions. I'd consider shorting it (talking about longer term swing trade) above 700$ if BTC gets to 11k. Would be a shame if we didn't get that entry...
Look at the last times it was overbought on the daily ;)
Thank FOMO people for the money. Wait for it to be a bit higher before opening a trade maybe, unless you're aggressive and want to scale in right away but it can still go several % up.
I'll update this idea if it gets interesting. Getting this opportunity seems too good to be true so I won't be expecting it...
+++ I have no idea what I'm doing don't trust me! +++
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Not impossible ETH gets to 850$ even. Certainly not calling to open longs when we're overbought. Lmao it goes up 100% and people are still buying. Thanks for the money. And they are persuaded they're cool because they "didn't miss it".
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Come on boy you can do it.
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For smaller period trades... I wish I had made a small trade on ETH on kraken but well with a full time job I wouldn't have been able to manage it so I'll stick to trading BTC on mex for now... Easy ~10% for a day trader that started to scale in at 700$.
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15% owww If Bitmex makes USD CFD's for ETH I'm celebrating... Maybe I should have opened a day trade on Kraken. Took profit at 10% then close at 15... A bit on each support... Thinking... Thinking... Could have made 2-3 times more than shorting BTC...
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Getting ready to short ETH if it goes up.
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My short orders are still waiting... Maybe we never go there :(
If we go down I won't look at ETH for a veeery long time. I'll focus on weak Litecoin and of course the leader, BTC.
if it reached to $850,BTC reach to $1150 and ADA dubble itself again.even in that way eth will not satisfying.
Peymana71
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In recent upward i did not satisfied with ETH,much slower that btc or otehr alts.I bought 10 @ $402.22 and hold them without any trade.wish bought more ADA or BCH.
MrRenev
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@Peymana71, Oh I haven't looked closely yet. If it slowed down maybe it's close to the top then... Or going to retrace something maybe 15% no idea then continue higher with daily overbought then big drop.
Waiting for perfect entry, and watching BTC more. I'm only shorting if BTC gets to 11k.
Man BCH is the most BS coin it's totally random idk imo trading BCH no better than playing roulette.
Peymana71
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@MrRenev, BCH was not healthy project from day 1,but i made money twice of btc from trading it in jan.eth always jump after btc complete.i guess maybe we see eth pump to $1000 when nobody think about that like BCH.but i prefer to invest more on ADA for long run.other coins just for short time trading,specialy BTC.