Demark Buy Signal ETHBTC pending confirmation
ETHBTC has generated a Demark Setup Perfection Buy signal on the 3 day chart.
The 3 day bar will end 8/5 (Sunday) with the confirmation of the buy signal.
My trading plan is to take the high swing of the #9 bar and place a buy stop (if below) or a limit buy (if above that level when this bar closes).
With a stop on a 3 day bar *close* below the risk level stop (blue dots).
The signal has not yet been confirmed and even after the signal it will take a bit of patience to get the order filled. Additionally these trades take a bit of time to play out so I won't be jumping the gun too early here. Notably we have hit a potential support level on BTCUSD and could move higher from here. If that happens that may negate this signal.
This pattern currently exists across multiple crypto /btc pairs LTC/BTC and ETH/BTC notably.
The 3 day bar will end 8/5 (Sunday) with the confirmation of the buy signal.
My trading plan is to take the high swing of the #9 bar and place a buy stop (if below) or a limit buy (if above that level when this bar closes).
With a stop on a 3 day bar *close* below the risk level stop (blue dots).
The signal has not yet been confirmed and even after the signal it will take a bit of patience to get the order filled. Additionally these trades take a bit of time to play out so I won't be jumping the gun too early here. Notably we have hit a potential support level on BTCUSD and could move higher from here. If that happens that may negate this signal.
This pattern currently exists across multiple crypto /btc pairs LTC/BTC and ETH/BTC notably.
Dagangan aktif
Buy Signal confirmedBuy: .058599 or better
Stop: 3 Day bar close below .049779
A lot of this move will depend on how BTC itself trades.
I write a newsletter about edges in financial markets…and life. Traders responsible for 9+ figures in daily transactions read it and you should too. Former USMC. pollinatetrading.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I write a newsletter about edges in financial markets…and life. Traders responsible for 9+ figures in daily transactions read it and you should too. Former USMC. pollinatetrading.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.