ETHXBT: Update
Ethereum seems to have picked up on activity after being really illiquid for the past week.
We have a clear mode at 0.0051, and an interesting volume and range expansion out of it.
If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again.
I'm rebalancing my portfolio, keeping a 70/30% weigh, so every 5%+ price swing is either a buy or sell to maintain the BTC value of my ETH intact. If you're trading with margin, let me say that you're playing with fire. ATR is simply too wide.
If investing without leverage, you can buy dips to today's 50% range from open to high after the close. As long as we start seeing new highs every 5 days we'll be safe.
Good luck!
Ivan.
We have a clear mode at 0.0051, and an interesting volume and range expansion out of it.
If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again.
I'm rebalancing my portfolio, keeping a 70/30% weigh, so every 5%+ price swing is either a buy or sell to maintain the BTC value of my ETH intact. If you're trading with margin, let me say that you're playing with fire. ATR is simply too wide.
If investing without leverage, you can buy dips to today's 50% range from open to high after the close. As long as we start seeing new highs every 5 days we'll be safe.
Good luck!
Ivan.
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ivanlabrie.substack.com/
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