Another good short term opportunity to enter short on ETH

3 feb 2018

ETHUSD

Hello traders, it has been a vigorous week on cryptocyrrencies market. After intense decline ethereum pulled back to previous resistance creating a small harmonic bat-pattern along the way. It is a good setup to enter short with targets set near new low. If this bat-pattern stays valid and realizes, there is a good chance that ETH might brake below major support at 765.

3 feb 2018

Nota

CD leg is still within a valid range that qualifies this pattern as harmonic, let's wait until price brakes blow the support line

3 feb 2018

Nota

Looks like the price will brake the support now. It climbed pretty high but still well within the range of a valid bat pattern. Let's see what is going to happen, if it actually reverses the decline will be rapid.

3 feb 2018

Nota

The support has been broken, price bulled back to it, now we should see the rally down

3 feb 2018

Nota

The price climbed slightly higher than I anticipated and formed so-called advanced harmonic pattern. Nevertheless I still except a rally down. I have slightly adjusting my targets. Good luck to all of us!

3 feb 2018

Trade attivo

4 feb 2018

Nota

Ok so we had an advance harmonic pattern. Just a quick update of a picture above

4 feb 2018

Nota

Approaching first target

4 feb 2018

Trade attivo

First target reached!

4 feb 2018

Nota

Approaching second target, oh my what a volatility....

4 feb 2018

Trade chiuso manualmente

Closed at 803