ETHXBT: Short or sell for Bitcoin here

12 mar 2016

Analysis on chart.
There's one day left for this uptrend, the activity in the top reeks of profit taking, and the enviroment is that of a topping formation, with people getting very emotional and hyped about it, and complacent, and 'happy' with its progress.

Time at mode weekly setup time runs out in one day, at least consider selling if you're a holder.
Thank me later.

Cheers,

Ivan Labrie.
Time at Mode FX

PS: Contact me privately for consultation, mentoring or trading signals. See my profile for details.

13 mar 2016

Nota

Watch for 0.0387...if not hit in 3 days, it might further confirm the retracement or reversal idea.

14 mar 2016

Nota

Time's up, and pullback.
Now, let's see how the day closes, and how it moves in the coming days.

14 mar 2016

Nota

The retracement has been contained for now, this is a considerably bullish bar if it closes like this.
I'd still look into getting out of longs if in.

15 mar 2016

Nota

We can take the short now, stop loss can be fairly tight.

16 mar 2016

Nota

New daily high doesn't look too good, but overall we could see continuation down.
I'm not in any position for now.

17 mar 2016

Trade attivo

17 mar 2016

Nota

Very nice progress with our shorts.

18 mar 2016

Trade chiuso manualmente

Out of shorts for the time being.

18 mar 2016

Nota

Support breaking down, we might see lower prices.

19 mar 2016

Nota

Shorted 0.03, sl 0.035, covered 0.02274.

We might see new highs considering the recent price action.

See Tim West's publication on this subject for more information. This setup was more of a warning for longs to book some profit before a fall.

Clearly the sentiment extreme and the technical setup were correctly diagnosed.

Cheers to everyone who sold and shorted...and even more to those who flipped long at our exit!

6 feb 2017

Nota

I wouldn't be surprised if we break the high here...one day after my post, within 2 months.