ETHBTC: BTC rally should be topping soon
ETH has plenty of upside left, we arrived at a very significant support level here in the ETHBTC pair, we can try a long entry (I'm already in it). Downside risk is 26%, but potential upside is up to 159.67% so the trade off is worth it.
This is a riskier trade since we're entering at support, ahead of confirmation, but the USD or EUR pairs are currently in an uptrend, and we're observing a retracement in BTCUSD/CNY pairs currently, so we have decent odds here.
If you're less risk averse than me, you can shrink the stop loss distance here, and go with a stop at 0.0197.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
This is a riskier trade since we're entering at support, ahead of confirmation, but the USD or EUR pairs are currently in an uptrend, and we're observing a retracement in BTCUSD/CNY pairs currently, so we have decent odds here.
If you're less risk averse than me, you can shrink the stop loss distance here, and go with a stop at 0.0197.
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.57% on such information.
Commento:
Good progress here, hope you caught the entry.
Commento:
Weekly uptrend confirmed now!
Weekly uptrend confirmed now!
Commento:
The stop was missed but if you trailed stops you're out.
