The cold-blooded trader waits.
So, ETH is doing exactly what it should be doing. On our last trade, we hit exactly our main target, the 61.8 fib retracement, after a clear long trade, triggered on April 22. If you missed that analysis, check it here, and follow me to keep in touch with our trades.
Trade triggered on April 22:
Now, just like BTC, ETH is “sleepy”. That’s ok, it happens a lot, especially after such a good bullish movement. The price could be doing what is called accumulation or distribution and could do a nice movement in any direction next.
These long upper shadows in the candles is a little annoying for who’s still on a long position here, but remember, the price could drop all the way back to he purple trendline, or 21 ema or even the black line (previous top) and the bullish trend would still be maintained (actually I’m hoping to buy back if it drops there).
What’s next now? Nothing. We just wait for another signal, could it be bullish or bearish. Let’s just wait, very calmly, cold-bloodedly, patiently, like a true sniper, for the next opportunity will come for sure.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Trade triggered on April 22:
Now, just like BTC, ETH is “sleepy”. That’s ok, it happens a lot, especially after such a good bullish movement. The price could be doing what is called accumulation or distribution and could do a nice movement in any direction next.
These long upper shadows in the candles is a little annoying for who’s still on a long position here, but remember, the price could drop all the way back to he purple trendline, or 21 ema or even the black line (previous top) and the bullish trend would still be maintained (actually I’m hoping to buy back if it drops there).
What’s next now? Nothing. We just wait for another signal, could it be bullish or bearish. Let’s just wait, very calmly, cold-bloodedly, patiently, like a true sniper, for the next opportunity will come for sure.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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