ETH: Buy if it breaks out

If ETH breaks out, and stays above the neckline, this is a cup & handle / inverse head& shoulders with a technical target of $160.

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Take some profit at resistance. Watch out for this possibility

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I took profit, Going to re-enter long on the next breakout (above 125)

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(that is ... $125 Bitmex, or $128 bitfinex, the red box above is next breakout zone)

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ETH still going, $130 Bitmex overnight!

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we had a break of big resistance band at 125 and now consolidating above, Buy the re-test

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Never fomo
#NoFomo

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nice re-test!

but wait a bit more ... we need to see it break UP

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... Patience ...

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a possible path for ETH

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Danger, will robinson

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ETH is giving the middle finger to bears O_O

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ETH is the duracell bunny, just keeps going and going

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Nearly there!

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Tah dah! Nous sommes arrivee

Trade stängt: målet nått

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and this is why you set targets, use stops and take profits on the way up. Hope you got out safely guys!

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Sell

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Always take profit, and learn when to sell

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People are asking me 'is it good to buy ETH here?'

When a parabola breaks, it typically retraces 80-90% of the run

(see twitter.com/PeterLBr.../1076229932689158145 )

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ETH is forming a head/shoulders. Watch out for fake breaks!

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New short setup

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If it holds this line, Im buying (going long)

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Holding...

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Don't get sucked back in. ETH made a lower high, it will go lower after a few more dip buyers try their luck

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Always sell bear divergence on 4hr, 6hr timescale

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If you haven't sold to take profit yet, this is a good place

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I know you all think I'm mad for saying ETH is a sell, but it's risen barely a dollar above my long price target (hit on 24th December) and we now have multiple signs that a top is forming

1./ Bear divergence on many timeframes
2./ Rounded top
3./ decreasing volume

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^ Sorry should say 3./ 'Distribution volume' (higher vol + smaller price range)

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Many chances were given to get out & sell at or above $150. Did you take them?

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Really getting bearish now. Second opportunity to sell above $150 was a gift. Did you take it?

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Update after that sell call !

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Guess what, ETH is painting a bearish head/shoulders pattern, with a bear target of $68. You heard that right

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Still bearish