ETH - BIG DUMP incomingAs there is no volume breakout in ETH, I am bit skeptical about its bullish move, I will close my longs at .786 and will open a short there. It is a risky trade and but i will keep stop losses intact so will not loose much if ETH plans to move up. will close my short and will open a long if ETH breaks its previous ATH.
Ethusdtshort
#ETHUSDT Breaking out Now!Since it's weekend is coming avoid high leverage trades.
ETH just broke out of the channel, BUY THE RETEST! (Of course DYOR)
Entry: $1490 TO $1545
Target :
$1572
$1591
$1612
$1650
SL: 4 hour close below 21D MA.
More will be posted, stay tuned and follow me for more setups!
Do hit the like button if you want such updates to be posted consistently.
#PEACE
ETHUSDT - buy the dip the price has come to the zone of interest!
33% correction or discount.
Did you have time to buy it?
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHUSDT the beginning of the cascade for further growth ETHUSDT the beginning of the cascade for further growth
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
ETHUSDT, short continue - purchase from 1225.0 was solded.Hi friends. Many crypto going up on purchases from traders closings. But now exactly ethereum satisfy this one at above 1350 and way to lower prices open. Bears target: 1253, 1225 in near future. I will update. Levels thanks to X-Lines script. Follow me.
ETHUSDT, tendention to slowly short started.Hi friends. Lets look at ETHUSDT chart window. Like you can see i mark all interesting market processes on the chart. Last hours exchange start to satisfy its longs and we can slowly going down. But the way to more expansive prices is open and we also easy can going to 1450 in near time. Will see.
Levels thanks to X-Lines script. Follow me.
Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/23Live 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 >20% from the lows @ $1040, and is now reclaiming the 200MAs, suggesting bullish bias.
Chart Patterns: No patterns.
Areas of Interest: The area(s) of interest for us are the 61.8 Fib @ $1286 and the lows @ $1042. 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 #2: False Breakdown
To open a long position, we are waiting for price to break above the horizontal support and then recover.
Trade Entry Confirmation:
1. Price Action: Price breaks below the then rapidly climbs above $1042, 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: Retest and Continuation (61.8Fib)
To open a short position, we are waiting for price to retrace up to test the 61.8Fib and then continue moving down.
Trade Entry Confirmation:
1. Price Action: Price needs to move back up to the 61.8Fib @ $1286 and bounce back down.
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!
ETHUSDT, short to 1105 in near future.Hi friends. Let's Look at ETHUSDT chart window. I mark all interesting levels and market prices on the chart. Like you can see we have big solds upper and also every purchase from 1250 to 1350 is sold do my opinion its short to strong support level 1105. Levels thanks to X-Lines script.
Follow me.
Ethereum Might Be Pushed by the Bears to the 977.46 Level 🔨🔨🔨💡 Trade Idea
📉 Sell Limit ETH/USDT @ 1255.63
🎯 Target Profit 977.46
🛑 Stop Loss 1341.03
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price was moving upward by being traded inside a bullish channel. It reached a daily resistance @ 1256.32 and posted a double top which signals a potential reversal. The price managed to break the channel structure and now is aiming to move downward towards the 977.46 level.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
ETH is down to 840 to build a better foundation to hit 1.4kIt seems that the Bullish move was too weak for ETH to hit above 1440$ and it rejected from 1.2k level.
so I believe that it's going to go back once more time to absorb more Bullish power with greater volume to break the 1440$ level
840 is one of the strongest Supports for ETH
what is your opinion???