Hi.
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! +++
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! +++
Nota
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".
Nota
Come on boy you can do it.Nota
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$.
Nota
15% owwwIf 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...
Nota
Getting ready to short ETH if it goes up.Nota
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.
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