Ethereum easy money for target 1, it will beat BTC

As you know, I still expect a new correction for BTC below 50ma daily or 9100, the chances are high that a sell-off of BTC will also lead to a sell-off of ETH. So, the chance is here we don't reach target 3 and maybe target 2 neither, but I just follow the rules, so I included the targets in this idea. I also expect a quicker raise of ETH than BTC. So I also hedge my short positions in BTC in a profitable way with this trade.

Buy: if an hourly candle close above neckline (1)

TP 1: 570
TP 2: 612
(TP 3: 701)

SL: Below raising trendline or below ncekline if breakout. (It depends how much you want to risk)

Happy trading :)

I'll only give small updates on Twitter... feel free to ask questions or post your ideas below..

Order avbruten:

We failed to breakout. I'll reopen this idea if I see new chances. If you traded it as I described in the idea you didn't loose on this trade.

Trade stängt: målet nått:

Bought in again and first target reached. I'll give an update soon, why I bought in again.

Trade stängt: målet nått:

Second target reached. ;)

Be advised, we might see a pullback from here because BTC is trading in a strong resistance zone now. I took full profit and closed my position.

Trade stängt: målet nått:

Final target reached. Congratulations.