Most of the mistakes in trading comes from overcomplication. Here is a super simple ETH chart. It's all you need.
Macro trend is up. It's above the macro support. We are trending above it.
Don't ignore the most basic signs of strength in this chart. Because of a little deviation, because Barry selling because Vitalik lying or whatever.
Most people don't understand how bearish it'd be to lose this macro support. Strong downtrends usually mean that there are masses who are willing to buy all the way down. For ETH I only see negativity and doubt.
I stay optimistic for short/mid term ETH.
Macro trend is up. It's above the macro support. We are trending above it.
Don't ignore the most basic signs of strength in this chart. Because of a little deviation, because Barry selling because Vitalik lying or whatever.
Most people don't understand how bearish it'd be to lose this macro support. Strong downtrends usually mean that there are masses who are willing to buy all the way down. For ETH I only see negativity and doubt.
I stay optimistic for short/mid term ETH.
Note
Imagine ignoring this giant setup for that little problem above.Note
And yes, most likely this ltf low will be run soon. But first you have to understand the market is fine to take that trade opportunity.Note
Oor it's already done. That's the good thing about having a high timeframe bias and take action over time with risk management instead of being obsessed with specific levels or little moves.
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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.