ETH on the daily looking to replicate previous structure from the 5-6th May, with a re-test of key support levels at 1925 and possible push down as low at 1900 at the ledge of ascending triangle.
BTO at 1925, 1900, 1860 STC at 1950, 1977
Trade active
ETH approached ledge of triangle with a retest of support line. Added to my position BTO at 1892
Trade closed manually
STC 1892 long at 1918 for nice quick gain. Holding onto 1925 long
Trade closed: target reached
BTC 1850 JUL puts 0.04 Still holding 2000 AUG calls. Close off this week as theta increases or look to roll into SEP calander
Trade closed: target reached
Scaled out 50% at first trigger at 1917
Note
Scaled out 30% at 2nd trigger at 1925
Trade active
ETH still looking good..
BTO at 1879 First target 1925 then 1950, 1977
Note
ETH continues to chop away with no real direction, and thus a contract in vol, which has allowed me to to close off all my short dated condors. Look to open up new Sept spreads, double diagonals looking enticing..
Trade active
Finally some signs of life with a pick up in Vol and next support reached, ready to open new spreads.
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