Eth plan over the next week
Updated
- Very clear ascending triangle forming on the 4hr
- Hoping a BTC crash doesn't ruin the parade but Alts have been holding strong IMO
- Be sure to wait until engulfing pattern to enter.
- First take profits upon break upwards is $1687
- Also yes I know most would enter upon break of the triangle but getting in early here is better imo. Worst case for me is I sell on breakdown of the next bounce for 5% profit. Worst case for the entry on break is never entering at all. Best case I make more money than someone who entered on break. This is just my trading style. I know I don't need to explain myself but I'd like others to understand my methodology.
Ask away, let me know what you think.
Comment
Looking at my previous ETH chart I'll likely change my first TP to around the $1775 area, although it may take longer to hit this it is very likely.
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