Ether hit the iii wave target this morning, per this post:
https://steemit.com/ether/@wildtrader/ether-took-the-setup
If it starts to correct here, should hit $106 for a bounce to $122-127. $104 is the must hold zone.
Ether at iii wave target
8 years ago by wildtrader (70)
$0.03
- Past Payouts $0.03
- - Author $0.03
- - Curators $0.00
Dang, you're good.
A few folks on TradingView were calling this around the same time. But a few others were short ETH and saying it's back into the 80s.
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Shorting a bull market is perilous. I tried a few 'counter trend' shorts in ETH along the way. But I knew I was counter trending, so sized way down. But until a roll over starts, no need. I have a local target of $127 (now extending into the $130's at least since we don't have a top pattern) and I count it an important area. But that doesn't mean I want to short. Just means I want to take profit.
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The thing that I don't like about shorting is that you're capped at a 100% profit.
And an unlimited loss.
Good for you with the disciplined profit-taking.
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Been trading for fifteen years now. Some years better than others, but this is an amazing year both in cryptos and equities and that's all due to getting a bit of mentoring in targetting and stopping.
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Thanks for the complement!!!
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