✳️ Ethereum vs Bitcoin (10X Lev.) | Basics of Lev. Trading
Updated
ETHBTC has been consolidating since October 2022 and the question is always to which side will it break, up or down?
When you consider the June 2022 low, we start to get some answers.
We have a bullish breakout and then consolidation starts to take place.
The retrace move prices below 0.5 Fib. in October 2022 and then long-term sideways consolidation is taking place.
The fact that prices bounced at 0.5 Fib. is a signal of strength.
The MACD is entering the bullish zone and the RSI is bullish above 50 as well.
So we have a very strong higher low followed by long-term consolidation after a strong bullish breakout.
So the initial move is the bullish breakout and this is the move that is being consolidated.
This puts the odds towards the bulls.
We are active on this pair with 10X.
As I mentioned recently, experienced is needed for leverage trading because each position might need adjustment as the market conditions change.
For example, one can use lower leverage if the pair doesn't start to move right away.
If the chart setup weakens, one can add more collateral and prepare to wait.
More experience can lead to closing a trade while still tracking it to jump back in when the time is right... I spot the setup and share the numbers, you take care of the rest.
I will keep the numbers for this one.
We are active on XRPBTC though and some other trades that are in the green... LINKUSD, DOTUSDT, ETHUSDT, etc.
You can find them in the 'Related Ideas' below.
Thanks a lot for your continued support.
Namaste.
When you consider the June 2022 low, we start to get some answers.
We have a bullish breakout and then consolidation starts to take place.
The retrace move prices below 0.5 Fib. in October 2022 and then long-term sideways consolidation is taking place.
The fact that prices bounced at 0.5 Fib. is a signal of strength.
The MACD is entering the bullish zone and the RSI is bullish above 50 as well.
So we have a very strong higher low followed by long-term consolidation after a strong bullish breakout.
So the initial move is the bullish breakout and this is the move that is being consolidated.
This puts the odds towards the bulls.
We are active on this pair with 10X.
As I mentioned recently, experienced is needed for leverage trading because each position might need adjustment as the market conditions change.
For example, one can use lower leverage if the pair doesn't start to move right away.
If the chart setup weakens, one can add more collateral and prepare to wait.
More experience can lead to closing a trade while still tracking it to jump back in when the time is right... I spot the setup and share the numbers, you take care of the rest.
I will keep the numbers for this one.
We are active on XRPBTC though and some other trades that are in the green... LINKUSD, DOTUSDT, ETHUSDT, etc.
You can find them in the 'Related Ideas' below.
Thanks a lot for your continued support.
Namaste.
Note
LONG ETHH23Leverage: 10X
Buy-in: 0.06900 - 0.07080
Targets:
1) 0.07310
2) 0.07500
3) 0.078110
4) 0.08090
5) 0.08270
6) 0.08510
Stop-loss: Close daily below 0.06700
Liq. price: 0.06369
Potential profits: 212%
Capital allocation: 4%
Date: 3-Mar-2023
Note
Targets:1) 0.07310 |Hit 12-Mar (+44%)
2) 0.07500 |Next target
3) 0.078110
4) 0.08090
5) 0.08270
6) 0.08510
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