Ethereum - A lot of noise. How CME Futures Will Impact? ETH/USDHello dear friends.
We make a small overview of this coin.
Many of you who follow my trade recommendations know that we have a Long position.
The first target is reached, and the stop loss is at breakeven.
Now I want to explain to each of you that I am doing everything as the market indicates.
But many traders started making a big fuss about this coin, and making an exclamation among others, assuring you that nothing bad will happen when the CME futures are launched. Since the exchange itself is not a big player.
Most of these "traders" have no idea about trading, they like to read the tea leaves, and not look at the market as a whole.
First, why am I writing this trade idea with bad news.
This is what is doing well on small timeframes for this coin.
But if we look globally, we have a breakout of the EMA.
We have a reversal pattern and a volume that is now decreasing.
Also, do not forget that too big believers and those who go numb to trade correctly, but only to trade on their convictions (you know, I also did it) - the losses are too big.
But why complicate trading and trade only according to your convictions, when futures have already shown themselves on the CME, opening them only with bitcoins.
I think that such traders need to be punished, and punished strongly, so that they buy off every price spill and lose.
Yes, the Ethereim project is very good, but it is a trade where you can earn money from closing certain positions.
Over the air - my bot for all the time, has not issued more than one large payout of long positions that I could take into account.
Why complicate life.
An important mark - a green rectangle - it served as a support, if he is broken - "those who convince Everyone of growth will decrease, and they will all begin to talk about falling."
Time will tell. Personally, based on what I see (even though we have a long position) - the market is overbought, there is an imbalance in the market, and there is also a lot of "new blood" thirsting for quick money.
Observe your risk and money management, trade with stop loss.
If you are a beginner and need help - write to me, I will help you understand trading, and I will give you for free - good information for a basic understanding of trading.
Always your Opptrade
