panconpalta

ETP has topped

שורט
panconpalta מעודכן   
BITFINEX:ETPUSD   None
Best coin to hedge open long positions at other altcoins that are ready to pop soon.
4h Lagging span confirms end of the uptrend for now. Huge bearish div at volume and price. Seems like the party is over here.
3.17-3.30 is the best entry
עסקה פעילה:
1D confirmation with Lagging Span this guy isn't going much higher. Breaking down 2.98 would lead to at least 2.45. I'm still hedging my open long position with ETP shorts. Pretty much the only altcoin I want to be short now.
הערה:
3.55 should be a reasonable stop for this idea to reevaluate further. Would be stupid holding this hedge to pay funding 6 more months if for some reason this guy goes to like 5-6$
עסקה פעילה:
Looking good. Slow but good. Break of $3 should trigger edge to edge Ichimoku short trade to ~$2.10 and will be the reason to double down shorts taken around $3.30. But I myself will hold this baby until it bleads out to $1.20-1.40
עסקה סגורה: היעד הושג:
Target reached, closing position to reopen at 2.39-2.49
הערה:
Fall to as low as 1.70 with no retrace was a little unexpected. Well, in case it's not going back to 2.39-2.59 I'm fine with my 40% profits. Not closing 40% short to reshort higher is usually a stupid play
העסקה בוטלה באופן ידני:
That escalated quicker than expected. Going to close this idea. ETP is dead.
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