Ethereum (ETH) Possible rally, long with a tight stop. Good R/R.

Sep 17, 2018

Ethereum has formed a double bottom on the 15 min timeframe, so we may long here with a stop loss at 200 due to a possible stop hunt below 202. I believe we will rally to 212.

There is also a very slight chance of rallying to 232 USD based on past BTC patterns.

Long:
205

Stop Loss:
200.35

Take profit:
212.7
232
237

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Sep 17, 2018

Note

A break of 208 would confirm the correction to the upside.

Sep 17, 2018

Order cancelled

Sep 17, 2018

Note

Wait for BTC to stabilize.

Sep 17, 2018

Note

BTC has bullish div with large wall at current price so may move upwards. See if Eth decides to form another bearish pennant,

Sep 17, 2018

Note

For Ethereum I am waiting for a wick up and a down fractal. Once we break past that it will confirm our correction upwards.

Sep 17, 2018

Note

Likely will move upwards.

Sep 17, 2018

Trade active

I am watching this and will likely long if BTC can move above 6314

Sep 17, 2018

Note

Sep 18, 2018

Note

New chart updated.

Sep 18, 2018

Trade closed: target reached

So far up 7% on the new trade. Please view.

Sep 18, 2018

Trade closed manually

This trade failed, but the winner can make up for many losers.

New trade hit 2 targets, this one will not be updated.