I have decided to post this as a Long call. Reason being, as contrasted with BTC, the relative stability which we are seeing in Ethereum makes this a coin in which I do not have any worries accumulating. However, this will be predominantly a swing strategy, with a very very low percentage of my portfolio for any sort of ultra long-term trade.
Although we have reached the 300/400 range in USD rather quickly, market sentiment has seem to accepted these prices. Therefore, longmoney follows the money. So here I am, looking for opportunities whichever way it comes.
I have posted a Daily chart to give those a true perspective of where we have been and where we find ourselves now. For future posts, expect 4hr candles as those are clearer to me with regards to my wave counts.
TA will be posted next on the 4hr.
And as always. This is entirely educational ;-)
--longmoney
Although we have reached the 300/400 range in USD rather quickly, market sentiment has seem to accepted these prices. Therefore, longmoney follows the money. So here I am, looking for opportunities whichever way it comes.
I have posted a Daily chart to give those a true perspective of where we have been and where we find ourselves now. For future posts, expect 4hr candles as those are clearer to me with regards to my wave counts.
TA will be posted next on the 4hr.
And as always. This is entirely educational ;-)
--longmoney
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4hrNote
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4hr chart. ApologiesNote
White line is critical in determining my next play. However, lower alarm is at the 786.I am seeing good potential short term targets depending on ETH next move.
3hr time frame is only for more clarity.
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First alarm remains approx 388. We'll decide when we get there ;-)Note
White line at the 786. Determining next moveNote
Been having some serious issues with GDAX lately. From now on, will be doing the majority of my ETH on Binance. Prices are relatively the same, with volume slightly higher. Just a heads up everyone.Still no trade for me currently. White dashed line is my primary focus. However, indicators, Elliot Wave, and overall symmetry has my focus on lower targets.
Trade closed: target reached
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New Chart Coming SoonTrade closed manually
Missed target by a couple bucks. New ETH chart this evening :-(Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.