Ethereum -> My New Trading Plan

1 Sep 2023

My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks, crypto, options and indices🖥️

I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!

In today's anaylsis I want to take a look at the bigger picture on Ethereum.

https://www.tradingview.com/x/kOTlP8Th/

You can perfectly see that just a couple of months ago Ethereum retested the preivous cycle high of 2018 at the plsychological $1000 level. Since then Ethereum already pumped 100%.

However there is still a possibility that Ethereum will once again retest support at the $1000 level and then start the next bullish cycle from there. I will personally buy the dip.

- - - - - - - - - - - - - - - - - - - -

I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.

Keep the long term vision🫡