$ETH $BTC


Yesterday analysis:
Victory! ETH 1763 aggressive long, currently holding a 20-point gain. The more cautious can reduce position and move the stop loss. Unfortunately, the cautious long at 1735 didn’t get picked up by just a little.
Today’s strategy:
BTC 63,666 short, 64,166 stop loss, 61,666 take profit
BTC 61,266 long, 60,866 stop loss, 62,266 take profit
ETH 1,809 short, 1,819 stop loss, 1,770 take profit
ETH 1,712 long, 1,702 stop loss, 1,732 take profit
Summary:
At present, the overall market + news outlook is bearish, but not firmly so. It may take a few days of range trading to find direction, but once direction emerges it could come with extremely large volume. Currently, I’m leaning toward short-term bearish, but it won’t break the previous low, so shorts are the primary plan. Wait for a pullback to find opportunities to go long for longer holds.
Be sure to attach stop loss only—never hold a losing position!!!
ETH0.46%
BTC-0.17%
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