LIVEWarning of a major decline!
Major signals from candlestick chart is issued, so please make full preparation for risk control‼
10 minutes ago, BTC has always hitting the area of 68300 and it turned out that there was a long red candle occured that engulfed the former long green candles‼ At the same time, ETH hit the key pressure level of 3840, ending with engulfed by a long red candle with a big body.
What is bearish engulfing? As I circled in the picture, you can see that there were many grren candles in the process of Ethereum hitting the eara of 3840. It rose slowly to 3840, while there was a long red candle appeared after ETH rising to 3840, engulfing all the previous small green lines,which is called bearish engulfing line.The meaning of the bearish engulfing pattern is to point out that the bulls are gathering momentum is very strong，reversing the bullish trend. If the volume of the corresponding red line of the bearish engulfing line increases, the bearish trend may start. Therefore, I called for going short at 3912 last night, generating floating profit of more than 120 points. Congratulations to everyone for successfully opened the short position at 3912. At the same time, our long order placed at 2885 was successfully stopped profit at the highest point of 3930. We succeessfully got huge profits by going short and long.#MegaDrops #MtGox #ETFApproval
LIVEAlthough I predicted that ETH will rise to 4000, I made a short at 3912. The main reason is that I placed a long order at 2885 and hold this postion untill the price rose to 3900. However, ETH hit the area of 3950 for three times in a row without breaking out it. Since I found that there might be a small correction after ETH failed to hit the area for the second time, I opend a short position at 3932 after ETH has moved sharply back and forth to 3932 for the third time. Actually, I was short as a bull, because my long orders almost has reached the take-profit point of 4006 for three times, but ETH did not break out 4006, so I realized that there might be a correction here, and then I took profit for the long order and went short at 3912‼ #Megadrop #MtGot #ETHETFsApproved
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