Long

Updated

ETHUSD Payback time :))

Still in stong bearish from the effect of small dump at BTC (previous analysis),
sadly my stoploss hit T_T

Right now ETH hit fibonacci support inside an ascending triangle pattern. This is bullish continuation pattern, target from this fibonacci are at $2216.66, but my target only at resistance pattern $2137

My plan are simple, buy with 2% risk at $2009.04 (fibonacci) and rebuy with 2% risk at support around $1973.36
with target 75% close at target 1 and close all at target 2.

If I got more support at this analysis, i will update more frequently in every key level.

click here if you wanna check my previous analysis

Note

nice movement, we will have pump shortly

Trade active

$2009.04 retouch, this is my 1st buy long position.
Its fibonacci 0.618 we will have little bullish from this point.

Note

I use little big volume, with high leverage, and very near stoploss point to minimize my risk. Because I'm expecting more pump in the next hours (not more than 8 hours)
**prepare for more high volatile at next candle.

Note

Open long : 2,000
Stoploss : 1994
Leverage : 75
Take profit : 2137
Expecting profit : 2,283%
wish me luck

Note

candle close with green, already pass trough the critical moment.
even if my stoploss hit, its no problemo, because my stoploss range are very near.

to confirm bullish ETH have to break up resistance at $2,040

I will off about +6 hour, my private student already online.

Trade active

Hi, sorry for late update.
ETH reach resistance line, but you can see strong pump break this resistance easily.

my profit from current opening position already reach more than 730%,and still continue growth because we have a good pump.
I already detected this pump at the time I post this analysis, but open at right time only about 11 hours ago,
because i should wait a lot of confirmation to enter this market.

Right now I moved our resistance to $2091, that is my 1st take profit position with 1233% profit.
I will close 50% of my position to secure it.

Note

Opening positions with large leverage and large volume is a double-edged sword and considered gambling for most traders
However, if we control the stoploss level in a close position, the loss factor can be reduced and controlled.
Gambling will happen if we only use intuition and predictions, moreover the title of this analysis post "payback time" seems like we are being carried away by emotions.
However, with the right entry timing, and knowing when a pump will occur, the double-edged sword will be very blunt in the face of proper technical analysis and money management.
"the bread crumbs already become a piece of gold for an analyst"
Very Sweet revenge ^^
thanks to support this analysis.

Note

Morning all,
right now ETH perform a new channel up, and already reach support.
$2,041 level are also classic support level, so it's not easily broken.

Note

we already have previous pump,
but i'm detecting a new pump.
It's near (not more than +8hours) and more strong volume candle than before.
But it is not confirmed yet, because I need 2 more confirmations.
If it confirmed, ascending triangle profit projection will be a new target at $2,431
maybe I should hold my active long position and aim for that target with...
6900% profit or 69 risk/reward ratio
False alarm? share your comment below

Note

about leverage :
Here's the thing, almost all new traders have a wrong understanding about leverage. Leverage does not have a direct impact on the size of profits and losses, but has a direct impact on insurance costs (used equity) at the time of purchase.
example if 1 ETH = $2000 :
1 ETH = $2000 (leverage 1),
1 ETH = $200 (leverage 10)
1 ETH = $20 (leverage 100)
If the account only has $20 in equity, when using leverage of 100 you can buy 1 ETH.

why doesn't leverage have an impact on profit/loss?
because the profit/loss of buying 0.1 ETH, leverage 1
and the profit of buying 0.1 ETH at leverage of 10 or 100 or 1000 is the same.

The loss/profit difference will occur if the purchase volume is increased.
This is where leverage is needed.

new traders think, with leverage x10, means profit/loss = x10 too. This is not how it works,
It's not the advantages and disadvantages that are x10,
but the margin used is divided by 10.

btw, for more than 7 days to come, I'm busy with my new online student schedule, so maybe I'm not active to update my analysis, at BTC, ETH or any alt coin.
See you all next week, bye.
If you have any question, DM for fast respond.

Trade active

ascending triangle broken, and we almost reach our target,.
congrats

AzrulAzir

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AzrulAzir

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