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Ethereumanalysis

Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/11Live 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 made a new multi-year high @ $1348, retraced down to the 200MAs, where we took a profitable long trade, and then dropped to a low of $1170. Chart Patterns: No Patterns Areas of Interest: The area(s) of interest for us are the high @ $1348. 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 2021/01/10: 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 winning trade! 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. 2021/ 01 /07: We had winning trade! 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. 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 $1348, 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 the high of $1348 and then rapidly falls below $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 ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/10Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: After consolidating at the 200MAs, ETH rallied to a new multi-year high @ $1341 and has been in sideways consolidating since. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the high @ $1341 and the 200MAs projected @ $1240-1255. 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 /07: We had winning trade! 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. 2021/ 01 /07: We had winning trade! 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. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 @ $1240-1255 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 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 the high of $1341 and then rapidly falls below $1341, 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 ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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
21
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/09Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: ETH made a new multi-year high @ $1289 and has been consolidating since, looking poised to make a big move after consolidating. Chart Patterns: We are within a triangle. Need to pay attention to when it reaches the upper and lower bounds and especially as price approaches the end of the triangle as there is a high probability of a large breakout move. Areas of Interest: The area(s) of interest for us are the high @ $1163 and the 200MAs projected @ $1020-1040. 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 /07: We had winning trade! 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. 2021/ 01 /07: We had winning trade! 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. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 $1289, falls back down to $1289 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume signal candle 4. MACD: MACD bottoming out Long Trade Setup #2: False Breakdown To open a long position, we are waiting for price to break above the horizontal support @ $1065 and then recover. Trade Entry Confirmation: 1. Price Action: Price breaks below the low of $1065 and then rapidly climbs above $1065, forming a bear trap 2. Candlestick Pattern: A breakdown candlestick  followed by a reclaiming candlestick 3. Volume: Above average volume on both breakdown candle and reclaiming candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $1289 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $1221 and then rapidly falls below $1221, 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 ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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
20
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/08Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: ETH made a new multi-year high @ $1289 and then had a violent correction, a selloff of 12% from peak to bottom. Chart Patterns: No patterns. Areas of Interest: The area(s) of interest for us are the high @ $1289 and the 200MAs projected @ $1175-1190. 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 /07: We had winning trade! 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. 2021/ 01 /07: We had winning trade! 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. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 $1289, falls back down to $1289 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern 3. Volume: Above average volume signal candle 4. MACD: MACD bottoming out Long Trade Setup #2: 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 @ $1175-1190 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 Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $1289 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $1289 and then rapidly falls below $1289, 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 ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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
15
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/07Live trades will be called in the latest daily post. Follow me to trade live with me! MARKET OVERVIEW Price Action: After ETH created a new multi-year high @ $1163, it has retraced back down to the 200MAs. We came very close to calling a long entry on 3 occasions, but unfortunately didn't give us the confirmations for a high probability trade setup, so did not make any official trade entry calls. Price is now getting squeezed tighter and tighter between the high @ $1163 and the increasing value of the 200MAs.We are likely to see a big move, so be prepared for some volatility. Chart Patterns: There is an upwards sloping trendline support. Need to pay attention when we test the trendline and when the trendline breaks. Areas of Interest: The area(s) of interest for us are the high @ $1221 and the 200MAs projected @ $1100-1120. 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 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 @ $1100-1120 by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown 3. Volume: Above average volume on entry candle 4. MACD: MACD histogram bottoming out Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $1221 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $1221 and then rapidly falls below $1221, 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 ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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!
by cryptotraderog
12
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/06LIVE TRADES WILL BE CALLED IN THE LATEST DAILY POST. FOLLOW ME TO TRADE LIVE WITH ME. MARKET OVERVIEW Price Action: After ETH created a new multi-year high @ $1163, it has retraced back down to the 200MAs. We came very close to calling a long entry on 3 occasions, but unfortunately didn't give us the confirmations for a high probability trade setup, so did not make any official trade entry calls, maybe 4th time will be the charm. Price is now getting squeezed tighter and tighter between the high @ $1163 and the increasing value of the 200MAs.We are likely to see a big move, so be prepared for some volatility. Chart Patterns: There is an upwards sloping trendline support. Need to pay attention when the trend line breaks. Areas of Interest: The area(s) of interest for us are the high @ $1163 and the 200MAs projected @ $1020-1040. 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 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 $1163, creates space between the price and the $1163 level, falls back down to $1163 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: 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 @ $1020-1040 by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) NOTE: For the highest probability trades, price touches both the 200SMA and the 200EMA. If price only touches 1 of the 200MAs, the win probability decreases, and if price doesn't touch any of the 200MAs, the win probability is even lower. In a strongly trending market, the win probability for touching one or none of the 200MAs is higher than for a slow-moving market, but it is still higher risk. Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $1163 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $1163 and then rapidly falls below $1163, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $1163) followed by a breakdown candlestick (candle close below $1163) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume (volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Unofficial entry calls are potential good trading opportunities that will be posted using “comments” post type. 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!
by cryptotraderog
16
ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/04LIVE TRADES WILL BE CALLED IN THE LATEST DAILY POST. FOLLOW ME TO TRADE LIVE WITH ME. MARKET OVERVIEW Price Action: As expected, after ETH reached its breakout target of $830, it rapidly exploded towards $1000, following BTC's pump and taking advantage of the relative stability of BTC. I think we will likely see this pattern of BTC pump followed by ETH pump repeat throughout this cycle as profits from BTC cycle int ETH. Chart Patterns: No significant chart patterns. Areas of Interest: The area(s) of interest for us are the previous resistance @ $1010 and the 200MAs projected @ $825-850. 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 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. 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 $1010, creates space between the price and the $1010 level, falls back down to $1010 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: 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 @ $825-850 by the time price reaches it, and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $1010 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $1010 and then rapidly falls below $1010, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $1010) followed by a breakdown candlestick (candle close below $1010) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume (volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) ENTRY SIGNAL TYPES Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Potential good trading opportunities that I’m not calling an official entry on will be posted using “comments” post type. 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. QUESTION: Would you like me to conduct technical analysis on alts? If yes, please let me know in the comments which alts you’d like me to cover.
by cryptotraderog
9
ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/03MARKET OVERVIEW Price Action: There was a lot of volatility in ETH, driven mostly by high volatility in BTC. ETH made a new high at $788, retraced back down to $750, and now creating a new high as i am typing this. Chart Patterns: No significant chart patterns. Areas of Interest: The area(s) of interest for us are the previous resistance @$788 and the 200MAs at $759-760. 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 /01: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade! While the signal was on BTC , as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. TRADE SETUPS Below are two 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 creates space between the price and the $788 level, falls back down to $788 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Long Trade Setup #2: 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 @$750-760 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar, or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 3. Volume: Above average volume on the bullish engulfing candle, pinbar, or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) ENTRY SIGNALS Trade calls will be separated into two categories, official and unofficial. The reason for the distinction is that official entry calls are only for high probability trade setups whereas unofficial calls might have slightly lower probability of winning but positive net profitability due to high risk reward. As I see a lot of traders, do not practice proper risk management and position sizing, I want to protect them from the second type of trades. At the same time, I know there are more sophisticated traders who can take advantage of both types of calls. So this is the solution that I’ve come up with, which is to separate the two trade types into two types of entry calls. Official entry calls will come with detailed entry, stop loss and take profit levels, whereas unofficial trade entries might or might not and will rely a little bit more on the trader themselves to manage the trade. This is one way to distinguish the more experienced traders from the newer ones. If you are unable to enter an unofficial trade entry without those details, then it means that you shouldn’t be taking those trades and should stick only to the official trades. 1. Official entry calls will be posted using “trading active” post type. 2. Potential good trading opportunities that I’m not calling an official entry on will be posted using “comments” post type. 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. QUESTION: Would you like me to conduct technical analysis on alts? If yes, please let me know in the comments which alts you’d like me to cover.
by cryptotraderog
22
ETHREUM (ETHUSDT) DAILY LONG&SHORT TRADE SETUPS 2021/01/02MARKET OVERVIEW Price Action: After establishing a high of $759, price has been on a slow decline, creating a series of lower highs and lower lows, even breaking and trading below the 200MAs, showing bearish bias. Price needs to get above the 200MAs for bullish bias to return. Chart Patterns: We are moving in a downward sloping channel, so we will need to pay attention when price reaches either the top or the bottom of the channel, and be extra alert should the top or bottom breaks. Areas of Interest: The area(s) of interest for us is the highs of $759. 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 2021/01/01: We had a winning trade. While the signal was on BTC, as it was a false breakout trade, you could've also entered ETH. We entered short @ $735, SL $743, price reached a low of $714, giving a risk reward ratio of 2.5:1, meaning if you risked 1BTC on this trade, you could've made 2.5BTC. 2020/12/31: We had a winning trade. While the signal was on BTC, as it was a false breakout trade, you could've also entered ETH. We entered short @ $745, SL $749, price reached a low of $725, giving a risk reward ratio of 5:1, meaning if you risked 1BTC on this trade, you could've made 5BTC. 2020/12/30: We had winning trade! We entered a long @$733, with a Stop Loss @ $716, and price reached a high of $759, giving a risk reward ratio of 1.5:1, meaning if you risked 1BTC on this trade, you could've made 1.5BTC. TRADE SETUPS Below are two 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 break resistance, move back down to test previous resistance as support and then bounce back up. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 with force, creating space between the price and the $759 level, falls back down to $759 and bounce back up. 2. Candlestick Pattern: A bullish candlestick pattern such as a bullish engulfing candle, a pinbar , or a multiple candlestick breakdown (a large red candle followed by multiple green candles that eventually close above the open/high of the large red candle) 2.1 Ideally Engulfing / Break candle has a large candle body with small wicks 2.2 Ideally Engulfing /Break candle closes near the highs of the candle 3. Volume: Above average volume on the bullish engulfing candle, pinbar , or on any of the multiple green candles that eventually break the red candle (ideally on the candle that breaks) 4. MACD: MACD histogram bottoming out, as indicated by the histogram becoming less negative (changing from red to pink) Short Trade Setup #1: False Breakout To open a short position, we are waiting for price to break above the horizontal resistance @ $759 and then fall back down. Trade Entry Confirmation: 1. Price Action: Price breaks above the high of $759 and then rapidly falls below $759, forming a bull trap 2. Candlestick Pattern: A breakout candlestick (candle close above $759) followed by a breakdown candlestick (candle close below $759) 2.1 Ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two candlesticks 2.2 Ideally the breakdown candle has a large candle body with very small wicks 3. Volume: Above average volume ( volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high 4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green) NOTE: For false breakout/false breakdown trade setups, sometimes trading the other pair (eg. trading BTC when the setup is on ETH and vice versa) can be even more profitable if the other pair is looking weaker (for false breakout setup) or stronger (for false breakdown). Some indicators to consider are where the price is relative to the 200MAs, size of recent candles, volume, and overall price action, market structure, and chart patterns. 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. 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. MAKE SURE YOU FOLLOW ME SO THAT YOU DONT MISS TRADE SIGNALS, GET THE LATEST SL AND TP LEVELS, AND FOLLOW THE TRADE PLAY OUT 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. Feel free to ask any questions, and please let me know how I can improve these daily posts / what you would like me to include in these daily posts, thanks.
by cryptotraderog
4
ETH-4h. Sellers are preparing for test $520.The struggle for the $600-615 range continues. Taking control of this range on December 17, buyers could not keep it. Yesterday's break of the trend line , which supported buyers for more than a month, gave sellers the right to form a falling wave. The sellers set the new local low at $550 . Now their main task is to keep the range of $600-615 . It is very difficult for buyers to restrain the price from falling. Given that all capital from altcoins goes to BTC, we do not see growth prospects in the medium term. If you look at the ETHBTC chart , you can see that the sellers broke the annual trend line down. We offer you to find vacations that will help growth in the ETH market. We can't find them yet. ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
ETH PULLBACKHello traders As you can see in the chart above, I believe Eth will have its final pullback to that descending trendline. Price got rejected on 0.618 Fibonacci and created bearish RSI divergence. It might hit its third touch on the ascending trendline. That would be a perfect entry to go long. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too. Goodluck.
Short
by Crypto_MD
18
ETHEREUM - Intraday Update - 12/09/20 (Short-term)ETHEREUM - Intraday Update - 12/09/20 (Short-term) Outlook : Expecting ETHEREUM to recapture its $637.90 high and beyond. Breaking above $595.50 is the next upside objective for the bulls. (Fist a Bullish Evidence) Analysis : The break above $637.90 signals the second wave consolidation is complete, and the move puts ETHEREUM back on track to challenge the next upside hurdle. The bulls are in control while $480 - Wave ii - stays intact as support. Bottom Line : A third wave rally is in its early stages. Subdividing higher within wave iii of (iii) Note : Prices can vary between ETHEREUM exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
BITMEX:ETHUSD.PLong
by ferGOD
At KEY resistance level can it break through this time?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:ETHUSDLong
by Art0fChart5
1