ETH - What to do now?
ETHUSD gave us a nice trade recently, almost 10% profit, and now is going even higher. If you missed my last call on ETH check here and follow me for more updates.
Last call:
Unlike I did with BTC and LTC, I sold my entire position on ETH 2 days ago, accordingly to my technique, the main reason is because it lost (falsely) the previous bottom at the hourly chart. Check it here:
But that’s ok, it was a nice trade. Check my profile for more details on our trade in BTC and LTC by the way.
Now, we see that ETH just reached the 61.8% fib retracement, and in the hourly chart is doing some weird moves. Let’s see:
If I still was in the trade, I definitely would take my profits now. Be safe my friends, and let’s wait for the next move. Patiently, like a sniper!
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. *
Last call:
Unlike I did with BTC and LTC, I sold my entire position on ETH 2 days ago, accordingly to my technique, the main reason is because it lost (falsely) the previous bottom at the hourly chart. Check it here:
But that’s ok, it was a nice trade. Check my profile for more details on our trade in BTC and LTC by the way.
Now, we see that ETH just reached the 61.8% fib retracement, and in the hourly chart is doing some weird moves. Let’s see:
If I still was in the trade, I definitely would take my profits now. Be safe my friends, and let’s wait for the next move. Patiently, like a sniper!
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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