Great spike catching ! ETC false start noticed > 30% target

Quick buck !
Short term opportunity ! I would like to add short on ETC because this coin has great amplitude and with XMR are draining bagholders with more pain than other cryptos.

We Have just experienced resisted price through various indicators on BTC and almost every alt chart.

ETC pierced shorters lately, that gives us great entry point !
There, on chart You have very simple tools showing first meeting with SMA 50 on 4hr chart. This is like a comet meeting the Earth from 2 au.
Next resistance is coming from connecting all highs. And there, horizontal one has been fortified.
I expect strong last movement that could bring us short term portfolio boost.

Entry point: 18.4
Target price: 12.6-14.6
Stop loss: minimum 19.2

Good luck !
Leave feedback or click thumb up !

การซื้อขายยังคงดำเนินอยู่:

My stop at 20.014 hasn't triggered ...
Well, I am a bit lucky :) Trade still active

ความคิดเห็น:

Why had I higher stop loss than typed above?
Because I need to be prepared for this kind of situation, where some people will take my idea as investment advice. Then the opposite movement is a little bit stronger.
If You have just read this idea and looking for entry on this pair, this is still good time for short/reshort.

การซื้อขายยังคงดำเนินอยู่:

Read this carefully.
To manage good performance.
If You stopped Your trade at 19,4 You are probably moaning about 5% loss.
No More worries! I have good flexible option: put an order on short side between 19.5-19.8

ความคิดเห็น:

Explanation of current situation.
An answer lies between trading my conditions and tracking Your own strategy.

การซื้อขายยังคงดำเนินอยู่:

Pulled out the trade at $18 and reshorted at $20. Short it, like now.

ความคิดเห็น:

Alright, good job - short set up. Don't be mad, sometimes We need to flat whenever shade of inconfidence appears. If You lost 5% on stop loss, You can mitigate this loss right now!
Profit target stays the same.

ความคิดเห็น:

Clear stop loss at $21.
Now the price will declare its direction. We have struggled on horizontal resistance, that's why it was not that clear where to put SL. From technical point of view there We have sharp spike that is likely to fall. Bitfinex was under maintenance - this could cause major seloff.
Only next attempt at $21 could result in further uptrend movement.
Reversal is almost impossible - still no fresh volume on the market. All for all in these indecisive days We should think about good short.
Yellow channel shows volatile bear flag

การซื้อขายยังคงดำเนินอยู่:

Short term strategy didn't work for quick buck. There is suggested profit taking coming from horizontal view. Any angled trend lines could not meet with price anymore - first white support now is heading 0 and below, so we need to develop current position. So it is ~20% more profit from now.
Any meeting with SMA 20 could be a good short entry point for short term investment.

การซื้อขายยังคงดำเนินอยู่:

Meeting with SMA 20 on 4 hr
Good short point

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

I have closed position with 27%.
Thank You for attention !
If my work helps You understanding the drill, please leave feedback :)