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Ethereumanalysis

This is a warning note, please study the descriptions carefullyThere are two scenarios for Ethereum, of which both are descending! In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the range of $ 870 to $ 760. In the second scenario which has been shown in the daily chart The first uptrend has ended, of which the 5th wave has been (Extended Wave), by crossing the price from the range of $ 1271, we can predict for the second time, the expansion of downtrend movement up to the range of $ 800, which is the corrective wave for downtrend of wave 2. (Daily Chart) **This case has been seen in all cryptocurrencies except Doge, of which the situation is in favor of this currency, due to its widespread support in this descending trend.**
KRAKEN:ETHUSD
by NirmataFX
6
CountOnCrypto - Ethereum Forecast - 07/02/2021Sunday is historically a blood-red day for cryptocurrencies, we have seen so far today a near 10% pullback. Pullbacks are a necessary part of a bull market to encourage new players in the market. They liquidate over-leveraged positions amongst other things, a way for the big players to profit. I imagine if this is the bottom we should expect to see a return to the mid-1600s by Monday morning, once Bitcoin makes a move Ethereum is likely to follow which will give us some more direction. I would then hope to see us re-testing the .786 Fibonacci level by Wednesday, all of which is in theory; as we are at all-time highs nothing is guaranteed. A further breakdown and I would expect us to re-test the lower green trendline between 1350-1375. I would be looking for the higher timeframe indicators to bottom out as a confirmation of the bottom. I have been averaging down my entry using dollar-cost averaging and have lowered my leverage to a comfortable level. As per usual please use risk management when trading , always do your own research before entering any of your hard-earned money into the market.
BYBIT:ETHUSD.P
by CountOnCrypto
6
Late 2017 scenario x 2021 scenarioEthereum late 2017 ATH Scenario 1) Ethereum daily candle closed just 6 days above U$1.200 (major resistance); 2) Ethereum touched just one time U$1.400; 3) 4 days after touch U$1.200, dropped down to U$770; 4) 24 days after touch U$1.200, dropped down to U$550; Shorten: Ethereum don't holded above U$1.100. Atual Scenario (2021 ATH ) 1) Ethereum daily candle closed 23 days above U$1.200 (major resistance)!!! 2) Ethereum daily candle touched 4 times U$1.400! 3) 12 days after touch U$1.200, went up to U$1.400. 4) 27 days after touch U$1.200 (today), the price is U$1.470. 5) 100 days daily RSI holding at 50+. Shorten: Ethereum holded strong above U$1.100 + 50 RSI. Comparison of scenarios It is very obvious that the current scenario is totally different from 2017 ATH . The ATH range (U$1.200 ~ U$1.400) is maintaining itself and does not want to fall, there is a lot of buying power close to ATH . It's just a matter of time to break ATH and rush to 4~5k+ level. PS: I believe it will happen this year, in the coming weeks / months. PS2: When ethereum breaks ATH , with daily candle closing above U$1.500, alt season will start strong.
COINBASE:ETHUSDLong
by WgrCryptoGuy
1
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/04Hi guys, if you like this post, please support me by clicking the like and follow buttons and leaving a comment! Thanks! Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: ETH absolutely breaking out and pumping to new ATH of $1695. I had said in my previous posts that once ETH broke its previous ATH from the last cycle, it would likely go on a tear, the same way BTC did once it broke its previous resistance @ $20K. Chart Patterns: N/A Areas of Interest: The area(s) of interest for us are the 200MAs @ $1545-1565 and the highs @ $1695. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1545-1565 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $1695, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out Recent Trades 2021/01/30: We had winning trade! We entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1, meaning if you risked 1BTC on this trade, you could've made 1.1BTC. 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
21
Ethereum New ATH? - +26% Profit - First Target Done. ETH/USDTHello dear friends - well, I congratulate everyone again. And again I have nothing to say - since everything works 94% for all my trading ideas. Yes, do not forget - I also have losses, but they are much, much less frequent than profits. What should I scream from you. Every single recommendation I open here works, and each of you can check it out. Well - will all the targets be achieved? What do you think ?)
Long
by UnknownUnicorn13204076
6
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/03Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: ETH has broken out and hit a new alltimehigh @ $1548! Chart Patterns: N/A Areas of Interest: The area(s) of interest for us are the 200MAs @ $1410-1430 and the highs @ $1548. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1410-1430 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $1548, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out Recent Trades 2021/01/30: We had winning trade! We entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1, meaning if you risked 1BTC on this trade, you could've made 1.1BTC. 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education including a comprehensive cryptocurrency trading eBook, personal advice, and other educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
10
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/02Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: ETH rallied 11% from a low of $1270 to a high of $1411, and is currently taking a pause in its rally. Chart Patterns: N/A Areas of Interest: The area(s) of interest for us are the 200MAs @ $1335-1345 and the highs @ $1437. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1335-1345 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, strong volume, MACD bottoming Short Trade Setup #1: False Breakout 1. Price Action: Price breaks above and then falls below the high @ $1437, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, strong volume on both breakout candle and breakdown candle, MACD topping out Recent Trades 2021/01/30: We had winning trade! We entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1, meaning if you risked 1BTC on this trade, you could've made 1.1BTC. 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
7
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/02/01Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: ETH has dropped >11% from a high of $1437 to a low of $1270. It is currently on its way to retest the 200MAs. Let's see if we get a short signal or if we break above to regain bullish momentum. Chart Patterns: There is a descending channel as well as a resistance trendline. Areas of Interest: The area(s) of interest for us are the lows @ $1270 and the 200MAs @ $1330-1340. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $1270, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Short Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1330-1340 by the time price reaches it, and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out Trade Recap 2021/01/30: We had winning trade! We entered a long @ $1370.5, with Stop Loss @ $1352.3, and price reached a high of $1390, giving a risk reward ratio of 1.1:1, meaning if you risked 1BTC on this trade, you could've made 1.1BTC. 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
4
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/30Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: After a huge rally, likely induced by Elon Musk's "bitcoin" tag, ETH has retraced back down to the 200MAs and is now consolidating in this zone. If this zone holds, ETH will likely retest the ATH, if not, the next level down is the 61.8 Fib. Chart Patterns: N/A Areas of Interest: The area(s) of interest for us are the 61.8Fib @ $1295. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: Retest and Continuation (61.8Fib) 1. Price Action: Price needs to move back down to the 61.8Fib @ $1295 and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Trade Recap 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
9
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/29Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! Market Overview Price Action: ETH has rallied almost 14% from the lows of $1207 to a high of $1372 Chart Patterns: No patterns Areas of Interest: The area(s) of interest for us are the current 200MAs @ $1310. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. Trade Setups Below are the potential trade setups that I would be interested in trading. Once price reaches one of these zones, I will monitor closely and post a trade signal if we get a high probability trade setup. Long Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1310 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Trade Recap 2021/01/28: We had two trades yesterday, 1 win and 1 loss. The losing trade we entered short @ $1272.8 and hit stop loss. The winning trade we entered short @ $1289, max TP $1260, giving a risk reward ratio of 1:44, meaning if you risked 1BTC on this trade, you could've made 1.44BTC. 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
4
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/28Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH has been continuously rejected from the 200MAs, we need to break and stay above to regain bullish momentum, Chart Patterns: Downwards sloping channel. Areas of Interest: The area(s) of interest for us are the lows @ $1207 and the 200MAs @ $1295. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: False Breakdown To open a long position, we are waiting for price to break above the horizontal support and then recover. 1. Price Action: Price breaks below the then rapidly climbs above $1207, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1295 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out TRADESS RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
10
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/27Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH has been consolidating at the 200MAs since from from ATH of $1475 Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the 200MAs @ $1330. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1330 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out TRADESS RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
3
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/26Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH retrace 12% to a low of $1294 after creating a new alltimehigh @ $1475 and is now consolidating at the 200MAs. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the highs @ $1475. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. 1. Price Action: Price breaks above and then falls below the high @ $1475, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out TRADES RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
13
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/25Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH going on an insane pump to create a new ATH @ $1475. Lets see if it corrects down from here or goes parabolic like BTC did when it broke $20K Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the current levels around $1438 and the 200MAs @ $1290-1310. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1290-1310 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. 1. Price Action: Price breaks above and then falls below the high @ $1438, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
21
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/24Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH consolidated at the 200MAs, and has broken out from that range and is rallying hard. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the highs @ $1438 and the 200MAs @ $1235-1255.. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1235-1255 by the time price reaches it, and bounce back up. 2. Trade Entry Confirmations: Bullish candlestick pattern, above average volume, MACD bottoming Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. 1. Price Action: Price breaks above and then falls below the high @ $1438, forming a bull trap 2. Trade Entry Confirmations: A breakout candlestick followed by a breakdown candlestick, above average volume on both breakout candle and breakdown candle, MACD topping out Why Follow Me Daily analysis on the latest market movements and price zones for high probability trade setups. Live trade signals so that you can take the same trades that I am taking. A great place to help each other, learn from each other, and grow together. Trading education in the form of personal advice and educational materials Constantly testing and adding new trading strategies and refining battle-tested ones. About Me I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016. I have worked on Wall Street trading bonds, stocks, and options. I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals. I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity. I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following, and sharing your ideas and analysis below! Thanks!
by cryptotraderog
12
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/22Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH had a 28% crash from a high of $1438 to a low of $1040, and still experiencing heavy price volatility. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the 200MAs @ $1235-1270. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Short Trade Setup #1: Retest and Continuation (200MAs) To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down. Trade Entry Confirmation: 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1235-1270 by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bearish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
4
$ETH - Be Wary - One Final "Drop" May Happen Before the Big PushI'm Bullish on Ethereum all the way. Now yesterday I made a call and so far we're still in profit from that call. However, there was a drop in the middle of the night (London session) That made me take a step back and look at it from another perspective. One thing I do is I usually don't measure wicks on the fib for entries to trades. However, this could be a different scenario to where that may play out. Why? Because there are equal lows right around 1152 that happened on January 15-16 GMT . Just below that is a Bullish Order Block. I jumped into the 5 min Chart to find this one. It's in the red Elipse just below the Liquidity/Support Level. Which is also right at the 70.5% of the retracement from that deep low to the current high. Also if you look at It from a 4HR view, There are no bearish 4 hr candles, possibly suggesting this is the overall correct fib. Keep in mind there has been a break of structure that happened yesterday which is suggesting that the price will most likely be going higher. This of course will be nullified if the price breaks and stays below a significant low. But instead, I think we may see something like this to where it get's close but it will just wipe out the liquidity resting near that 1152 level and hit somewhere between 1133 and 1142 before it bounces back up and we see a new high again. I pulled from another exchange for these prices and the equal low/liquidity level ended up being the same (1152), the Bullish order block ended up being the same (1133 - 1142) But the biggest difference was the spike down where we would draw the fib low or 100% level. The one in the examples low is 1072. The low in the Coinbase level was 1065. But of a difference there, which is why I said I don't like using wicks to measure these things. So just be wry of those price levels and don't be so worried about the Fibonacci entry. Good Luck and Happy Trading
BITFINEX:ETHUSDLong
by BodiesXWix
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/21Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: After dropping almost 15% from a high of $1438, ETH has been recovering and getting near the highs again. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the highs at $1438. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Breakout and Continuation To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above and falls back down to $1438 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume signal candle 4. MACD: MACD bottoming out Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above and then falls below the high @ $1438, forming a bull trap 2. Candlestick Pattern: A breakout candlestick  followed by a breakdown candlestick 3. Volume: Above average volume on both breakout candle and breakdown candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
2
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/20Live trades will be called in the latest daily post. Follow me to trade live with me! Also check out my daily post on Bitcoin! MARKET OVERVIEW Price Action: ETH broke out and made a new high @ $1438 and now seems to be forming a symmetrical triangle, seeming to want to break higher. Chart Patterns: ETH seems to be forming a symmetrical triangle. Areas of Interest: The area(s) of interest for us are the highs at $1438 and the 200MAs @ $1315-1335. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time. TRADES(S) RECAP: LATEST 3 TRADES 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit. 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC. 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC. TRADE SETUPS Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal. Long Trade Setup #1: Retest and Continuation (200MAs) To open a long position, we are waiting for price to retrace back down to test the 200MAs and then continue moving up. Trade Entry Confirmation: 1. Price Action: Price needs to move back down to the 200MAs, currently projected to be @ $1315-1335 by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out Long Trade Setup #2: Breakout and Continuation To open a long position, we are waiting for price to create a new high, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above and falls back down to $1348 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume signal candle 4. MACD: MACD bottoming out Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above and then falls below the high @ $1348, forming a bull trap 2. Candlestick Pattern: A breakout candlestick  followed by a breakdown candlestick 3. Volume: Above average volume on both breakout candle and breakdown candle 4. MACD: MACD histogram topping out STRATEGY TYPES My strategies fall into three categories: 1. Official strategies are those that have proven to be profitable over a large number of trades 2. Testing strategies are those that have proven to be profitable but the sample size is relatively small 3. Formulating strategies are strategies that are still in development ENTRY CONFIRMATIONS Ideally we get all confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering a trade. You can also adjust position size based on level of conviction, entering a bigger position when there are more confirmations. Make sure you practice proper risk management and money management. TRADE MANAGEMENT I have put in preliminary Stop Loss and Take Profit on the chart, but these will depend on how the entry setup forms, so I will update when we have a valid entry signal. Stop Loss: We typically put a SL around the high / low of the entry area, though we might adjust based on market conditions such as high ATR ( average true range ) or long wicks. Take Profit: We typically aim for at least a 2:1 RRR (risk reward ratio), but you can decide to take profits earlier, adjust stop loss as we get into profit, take partial profit, leave a small portion for larger gains, etc. How you want to manage depends on your own risk appetite and what you are comfortable with. RISK MANAGEMENT / POSITION SIZING Trading is a marathon, not a sprint. The key is to stay in the game long enough for long term probabilities to play out. Even strategies with 90%+ win rate will have losing trades, so if you go all in one every trade, eventually you will blow up your account. My recommendation is to dynamically change your position size based on the size of the stop loss so that you are risking 1-2% of your total account size on any given trade. This means that if you’re wrong and the trade hitting the stop loss, you lose 1-2% of your account. As an illustration, if your account balance is 1BTC, then the most you should lose on any given trade should be 0.01-0.02BTC. Notice that I didn’t mention leverage here. Because what leverage (3X, 5X,10X, etc.) doesn’t matter here. What matters is the position size that matches up with a 1-2% account balance risk. HOW TO USE MY ANALYSIS Every day I post potential areas of interest and trade setups based on the latest market conditions and market structure. Once price reaches one of the identified areas of interest and gives a valid entry signal, I will post the entry, along with stop loss and take profit levels, in real time. No hindsight 20/20 here. Everything is in real time for full transparency and so that you can actually enter the same trades that I'm entering. Some trades only give us a few minutes to enter, which is why it's imperative that you follow me so that you don't miss out. Below are two ways that you can use the analysis that I publish daily: 1. You can integrate my analysis into your own analysis, for example by using it as a starting point, or as confirmation of your own TA, or to identify potential trades for yourself. 2. You follow the trade setups and trade entry signals that I give in real time. DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR. Please support me by liking, sharing, commenting, and following! Thanks! Please share your ideas and analysis below so we can all learn together!
by cryptotraderog
6