1) The first real pullback after the huge run up.
2) ETH went into a range as did most of the crypto market to cool off after BTC kept climbing to new highs.
3) Range expansion to the upside! ETH is on the move again.
We're not predicting, we're following the market, and the market wants new highs. I'm choosing ETH over BTC as ETHBTC is positive, so we can generally expect ETH to rise faster than BTC.
Entry: immediate
Stop: $86 below entry
Target: open. Will exit when the trend changes.
Below are the 2020 stats using 10% equity and 0.1% fees for this trade. If you're using the 1% risk rule, simply use this equation: Account value * 0.01 * 7.6 profit factor * 0.66 win rate * 38 trades = your 2020 profit with this system. Thus, if you had a $1,000 account using 1% risk you would've had $1,906.08 at EOY for a 96% gain. (Please TradingView add % risk to the strategy!)
2) ETH went into a range as did most of the crypto market to cool off after BTC kept climbing to new highs.
3) Range expansion to the upside! ETH is on the move again.
We're not predicting, we're following the market, and the market wants new highs. I'm choosing ETH over BTC as ETHBTC is positive, so we can generally expect ETH to rise faster than BTC.
Entry: immediate
Stop: $86 below entry
Target: open. Will exit when the trend changes.
Below are the 2020 stats using 10% equity and 0.1% fees for this trade. If you're using the 1% risk rule, simply use this equation: Account value * 0.01 * 7.6 profit factor * 0.66 win rate * 38 trades = your 2020 profit with this system. Thus, if you had a $1,000 account using 1% risk you would've had $1,906.08 at EOY for a 96% gain. (Please TradingView add % risk to the strategy!)
Nota
ETH is gathering under resistance which is usually a bullish sign. BTC has gone back into a range, but ETHBTC is trending (another good sign). Being patient and sticking with the trade.Nota
We're pretty much back at entry. Price went into a range and we're waiting for the next move. ETHBTC is still positive, which means ETH is outperforming BTC in the short term. I expect more sideways movement, for now.Nota
Caught a +16% move while BTC is flat.Continuing to stick with the trade.
Dagangan ditutup: hentian tercapai
Closed for a -1.3% loss. Disappointing that we gave back all our gains, but that's trading!
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.