1) A violent drop of 25% in a single day...
2) ...had absolutely zero follow-through and ETHUSD went back into a range.
3) The trading range expanded to the upside sooner than anticipated, and we're back into a bull trend!
ETH is so much stronger than BTC right now, as you can see from the ETHBTC chart. Thus, we want to get into ETH sooner than BTC as we think there's more upside there.
Entry: immediate
Stop: $75 below entry
Target: stick with it until the trend changes down
The strategy results are from 1/1/2020 to current. If you use the 1% risk rule with 0.1% Binance fees, you would've gained (43 trades * 60% win rate * 3.9 profit factor * 1%) = 100% profit in 2020 trading this strategy.
2) ...had absolutely zero follow-through and ETHUSD went back into a range.
3) The trading range expanded to the upside sooner than anticipated, and we're back into a bull trend!
ETH is so much stronger than BTC right now, as you can see from the ETHBTC chart. Thus, we want to get into ETH sooner than BTC as we think there's more upside there.
Entry: immediate
Stop: $75 below entry
Target: stick with it until the trend changes down
The strategy results are from 1/1/2020 to current. If you use the 1% risk rule with 0.1% Binance fees, you would've gained (43 trades * 60% win rate * 3.9 profit factor * 1%) = 100% profit in 2020 trading this strategy.
Nota
Look out below! We hit new all time highs, and then proceeded to dump again. But the trend still remains intact, so we're still in the trade.Dagangan ditutup: hentian tercapai
Took a 7.7% move loss. Trading is living to fight another day.
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.
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.