I'm currently in a short from $4150. See my previous ETH thread for details. Now the next question is whether this is a top or a retracement. For now price needs to make a lower low LL below $3500 to really show a downtrend. If it gets there then I will consider price to be at least in a Primary wave correction.
As per Elliott Wave it is very common for a 5th wave correction to retrace back into the territory of wave 4. So if a downtrend is on then the correction could find its way back to the $2040 - $1293 range.
If price has topped however, price could go much lower. I would be targeting the 0.5 fib $595 to the 0.618 $371.
For now price is yet to pass first hurdle and I'll just watch and see how it behaves. If it could even get to the previous wave 4 that would be a very tasty short.
Shorting is very aggressive. I don't recommend it. This is as much to hopefully show some skill. Not advice.
As per Elliott Wave it is very common for a 5th wave correction to retrace back into the territory of wave 4. So if a downtrend is on then the correction could find its way back to the $2040 - $1293 range.
If price has topped however, price could go much lower. I would be targeting the 0.5 fib $595 to the 0.618 $371.
For now price is yet to pass first hurdle and I'll just watch and see how it behaves. If it could even get to the previous wave 4 that would be a very tasty short.
Shorting is very aggressive. I don't recommend it. This is as much to hopefully show some skill. Not advice.
交易進行
註釋
Price has tested and rejected horizontal neckline of H&S, will probably carry on down from here.交易結束：目標達成
I'm all out here at 2K and will consider to stagger back into a short position once ETH and BTC reach resistant points.Its been a great trade.
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Contact | t.me/ThinkFastTrading
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Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
相關出版品
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。