ETH trading

Jul 15, 2023

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

Jul 17, 2023

Trade active

ETH approached ledge of triangle with a retest of support line. Added to my position
BTO at 1892

Jul 18, 2023

Trade closed manually

STC 1892 long at 1918 for nice quick gain. Holding onto 1925 long

Jul 19, 2023

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

Jul 20, 2023

Trade closed: target reached

Scaled out 50% at first trigger at 1917

Jul 20, 2023

Note

Scaled out 30% at 2nd trigger at 1925

Jul 20, 2023

Trade active

ETH still looking good..

BTO at 1879
First target 1925 then 1950, 1977

Jul 23, 2023

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..

Jul 24, 2023

Trade active

Finally some signs of life with a pick up in Vol and next support reached, ready to open new spreads.