Facts: • We had a higher high at §319. • Volume increased after the weekend. • Rebounced at $272 support zone (.5 of bearish swing). • We should be in wave 5 which can bring us into the $360+ area.
This is no recommendation. It´s just my personal result of my analysis. Do your own research.
Comments / opinions most welcome!
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RSI MTF in 4 hour chart is showing buy signal as well. CM RSI 2 in 4 hour chart confirms increasing volume.
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U.S. east coast is waking up soon. This could be a good combination if people now not sell off.
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We broke the resistances! #upupup
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Short cool down is maybe coming. But volume is good and U.S. east coast will join us soon.
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Looks great so far. Now U.S. west is joining the game. Bed time of Japan/China had not much impact today. Impressive. Next fightings will be between $303-308.
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Finally. A little bit delayed but here we go. New higher high on Polo and Bittrex.
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Target 1 and 2 reached! Sold 70% of my position at $343,5.
Will rebuy in area $300-310 if price goes there. If it not will be reached the 30% rest will do the job.
Next target is $360.
My stop loss is now at $295.
交易结束:到达止损
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Got stopped out this morning at $295.
So therefore the 30% rest of my position had less profit than possible. But I got in at $280 a few days ago. It´s still a 5% profit.
The main part of my position I sold at $343,5 with a 23% profit.
No I looking for a new entry.
There are two options for me:
a) We will get another wave down to the 290-280´s. Then I go long in this range. Stop loss in this case will be $275.
b) We break trough the $315-319 area what will be enough confirmation for me. Then I go long there even if it will be less range to my targets. Stop loss in this case will be $295 like before.
My targets are actually still T1 $340 and T2. But I am already in a good profit. So I let it flow to see what happens. ;)
Without confirmation over 290,01 it is still no LONG zone!
r2d2One
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@enderkina, obviously, we have other approaches. What is nothing bad. I made already $12 profit per ETH, you? :) And can go short if it goes back to $285 by still making a decent profit, tho.