1) The first real pullback after the huge run up.
2) ETH went into a range as did most of the crypto market to cool off after BTC kept climbing to new highs.
3) Range expansion to the upside! ETH is on the move again.
We're not predicting, we're following the market, and the market wants new highs. I'm choosing ETH over BTC as ETHBTC is positive, so we can generally expect ETH to rise faster than BTC.
Entry: immediate
Stop: $86 below entry
Target: open. Will exit when the trend changes.
Below are the 2020 stats using 10% equity and 0.1% fees for this trade. If you're using the 1% risk rule, simply use this equation: Account value * 0.01 * 7.6 profit factor * 0.66 win rate * 38 trades = your 2020 profit with this system. Thus, if you had a $1,000 account using 1% risk you would've had $1,906.08 at EOY for a 96% gain. (Please TradingView add % risk to the strategy!)
2) ETH went into a range as did most of the crypto market to cool off after BTC kept climbing to new highs.
3) Range expansion to the upside! ETH is on the move again.
We're not predicting, we're following the market, and the market wants new highs. I'm choosing ETH over BTC as ETHBTC is positive, so we can generally expect ETH to rise faster than BTC.
Entry: immediate
Stop: $86 below entry
Target: open. Will exit when the trend changes.
Below are the 2020 stats using 10% equity and 0.1% fees for this trade. If you're using the 1% risk rule, simply use this equation: Account value * 0.01 * 7.6 profit factor * 0.66 win rate * 38 trades = your 2020 profit with this system. Thus, if you had a $1,000 account using 1% risk you would've had $1,906.08 at EOY for a 96% gain. (Please TradingView add % risk to the strategy!)
Note
ETH is gathering under resistance which is usually a bullish sign. BTC has gone back into a range, but ETHBTC is trending (another good sign). Being patient and sticking with the trade.Note
We're pretty much back at entry. Price went into a range and we're waiting for the next move. ETHBTC is still positive, which means ETH is outperforming BTC in the short term. I expect more sideways movement, for now.Note
Caught a +16% move while BTC is flat.Continuing to stick with the trade.
Trade closed: stop reached
Closed for a -1.3% loss. Disappointing that we gave back all our gains, but that's trading!
Disclaimer
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.
Disclaimer
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.