Ethereum (ETH) High chance of testing 215 if conditions are met.

15 Eyl 2018

This idea is a little bit different, and will be looking at the smaller timeframes. So far Ethereum seems to be weakening and failed to push higher. I can see it drop around 3%, which would make it a good scalp. Currently waiting for confirmation.

On the 5 min timeframe, Ethereum dropped below the cloud following a bearish TK cross and now has successfully tested resistance. If we fail to break through and get another William Fractal, it is a short signal.

Short:
221 USD

Take Profit:
215 USD

Stop loss:
If we push above 222 and trade within it for some time, get out. Alternatively, you may set a stop at 224.

Thanks for viewing! I appreciate all the comments and reply instantly.

15 Eyl 2018

Not

RSI should not cross above 50 ideally.

15 Eyl 2018

Not

So far all conditions have been met, stop set at 224.

15 Eyl 2018

Not

Stop moved down to entry price of 223. If once we hit target, set a stop to lock in profits and then wait, as BTC could break down 48 hours.

16 Eyl 2018

Not

On track

16 Eyl 2018

İşlem kapandı: hedefe ulaştı

I closed most my position and moved my stop loss down to 222

16 Eyl 2018

İşlem kapandı: hedefe ulaştı

218.61 is new stop loss, I have locked in this trade for around 2.5%.

16 Eyl 2018

Not

By the way, I expect ETH to breakdown, so I will add if that does occur. I think we will form new lows along with Bitcoin.

16 Eyl 2018

Not

Yup as predicted we broke down.

16 Eyl 2018

Not

For now I expect recovery due to the spike in Bitmex liquidations, so Bitcoin will recover, pulling Ether along with it.

16 Eyl 2018

Not

Long with 1.1 risk/reward

16 Eyl 2018

Not

We should stay above 210 if this is the bottom.

16 Eyl 2018

Not

Looks like that was the bottom. I expect a second test of 210 and a push upwards.

16 Eyl 2018

Not

Short 218 level for a quick scalp with a very good risk/reward.

16 Eyl 2018

İşlem elle kapatılmış

Trade is complete. New trade will be updated.

16 Eyl 2018

Not

16 Eyl 2018

İşlem aktif

Please view my new idea