Trading idea for ETC/BTC LONG - Current price 0.00248

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin

The graph is self-explanatory and it is commented on the main aspects of the operation.

Buy: As explained above. ~ 0.00237 - 0.0025

Take-profit (short term): ~ from 0.0035 to 0.0055
Take-profit (long term): ~from 0.0065 to from 0.0095

Stop-loss: ~ 0.0017869
Initial stop loss determined using lead line (Kumo basis) and William's fractal

For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.

Warning! You should not invest more than 10% of your available capital to trade.

DASH: XhjuDAxmMYeUNoxDfa6PNM83efKoXfmfpC
Comment: Take-profit (short term) reached!
Trade active: New consolidation zone, you can sell profitably or strengthen your position.
Excellent. I don't know what half those indicators mean, but that will give me something to study! Good explanation with clear reasoning, unlike many that just say buy or sell.
tekolo Springbokminger
@Springbokminger, That is the idea! Make an educational but useful chart!
great read, but i recommend you write your notes outside of the chart or find a better way to distribute it so we can see indicators.. well explained though! i had my target at 35 myself
tekolo jamyjamjr
@jamyjamjr, Thanks for your comment. The notes inside the graph are an intentionally educational element. Most of the people don't recognize the indicators and their elements.
lovely chart. Could you please specify duration instead of short term and long term? i mean in number of days. Thank you
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