Getting ready for potential ETH long
Updated
Longer term ETH downtrend seems to be exhausting. My quant strat is saying that we might get a trend reversal at 0.0095, which is a moving target in my strat based on price action.
Based on TA, ETH price is at the top of downtrend line, if this breaks up, both TA and my quant strat confirm a trade - long. Historically i had profit factor of 5. so i am looking forward for break out.
if price reverses below 0.008, then we might stay in downtrend channel. i do not take short positions in alts except for bitcoin. Altcoin liquidity is too tiny.
Based on TA, ETH price is at the top of downtrend line, if this breaks up, both TA and my quant strat confirm a trade - long. Historically i had profit factor of 5. so i am looking forward for break out.
if price reverses below 0.008, then we might stay in downtrend channel. i do not take short positions in alts except for bitcoin. Altcoin liquidity is too tiny.
Trade active
guys, we got the signal. 1/3 of position is in!Note
we add 1/3 to our current position.Trade active
we add final 1/3 to our position. now we wait. our stops are at 0.008. this is a trailing stop which will change as price moves. will update once it changes.Note
trade is working well. we change our stop to 0.0093Note
daily price close below 0.01122 will trigger our stops. at this price we would take profits.Trade closed manually
algo says to close the trade at 0.0115. we close all our positions in ETH.
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