Updating my previous ETHXBT chart, we seem to be retracing the recent decline.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.
Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.
Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).
Cheers,
Ivan Labrie.
Now, this could be an uptrend continuation setup, or simply a detour before more downside.
Ideally, you could have entered longs where I covered my shorts, (which I didn't get to do).
Currently, the lower timeframes might allow an entry on the long side, if offered with a safe setup I'll update the chart.
For the time being, monitor price action in the coming days, it's logical to see a move up to 0.03175 at least, but could even go higher.
Good luck, trade responsibly, measure your risk as % of account in any trade you take, to the level where you invalidate your analysis (if you don't have a clear invalidation, you really shouldn't be in the position to begin with).
Cheers,
Ivan Labrie.
註釋
Dangerously approaching the speed line again. We broke below support, not too bullish currently. I'd be careful if long.註釋
Price formed a W bottom in the ETHXBT chart, ETHEUR remains net bullish, and with big upside left.
交易進行
We're long ETHXBT.註釋
Excellent progress, hold longs.註釋
Testing the speed line again.The new lows and the sharp down day might be a bear trap, people must be thinking this is a head and shoulders top (I think it's not)
註釋
The bitcoin rally has excited the bears in this pair, probably the H&S top crowd.Yet, the strong buying zone we observed on March 18th is holding.
Let's see how it evolves from here. It might give a good long entry again soon.
It appears to be consolidating still, so keep risk small.
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。