ETHUSD - Expect a bounce ... now? lets go above ATH

19 thg 8

Long time no see !

I was in vacations with the cult of the CME Gap that I joined

Soooo, Eth took some logic profits, it was a quasi straight line from 2400 to 4800 (not mentionning that its coming before from under 1500), a 10% correction is totally ok

we are actually in the middle of the last CME GAP, its filling daddy
Dec 2024 high
100 MA 4H
0.5 fib resistance from last low
0.236 is 4K so we still have room to be in denial if it dips more

as you can see thats a lot of convergences, not even talking about BTC, BTC.D, USDT.D, GOLD and all the other tickers aligning perfectly for the big ritual of the big last leg of the big bull run (B.R.B.L.L.B.B.R.) (I know how to make it since those vacations)

Sooo SL is slightly under first bullish Order Block that u can see in this chart @ around 3440, yes sry I can't mess with the levs even with this perfect entry opportunity

TP1 : 7000
TP2 : 9000
TP3 : 11000 (0.618 fib extension)

Will update the TPs if momentum changes

XX
not advise

19 thg 8

Giao dịch đang hoạt động

4k8 to 4k correction is a 20% not a 10 my bad :o)

19 thg 8

Ghi chú

as mentionned, there is room for more correction, will consider closing the trade before reaching SL @3440 if we somehow manage to go below 3k8

1 thg 9

Ghi chú

took profit on 10% of my position last week, couldnt do more i wasn monitoring cuz holidays
bought back way higher around 4k5

but very good spot here to buy back its 200ma 4H + we are back at the 22 aug jump following the announcement about the rate cuts idk didn follow a lot

i would say i'm already starting to tighten some of my holdings cuz even if i think its gonna go up i fear like a flash crash or idk even the end of this cycle ( but ye bought back)

see ya