ETHBTC: Buy dips!!!

POLONIEX:ETHBTC   Ethereum / Bitcoin
ETHBTC has confirmed a weekly uptrend, like I anticipated, while the ETHUSD/ETHEUR chart formed a new weekly 44 bar high in RgMov, Tim West's proprietary trend/sentiment analysis indicator. This implies that the upside is considerable, and we should go long on either a dip inside the box on chart, or a new high. We could speculate and take a half risk position at market price now, and add once we get the aforementioned dip (if it ever happens).
In my last publication I had anticipated two possible paths, and it's clear ETH opted for the more bullish case, so, brace yourselves, it can accelerate rapidly from here onwards.

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.


Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Trade active: 1st buy in...waiting for lower prices to add.
Comment: Coming down into the buy zone...patiently waiting.
update when you can :)
IvanLabrie Fractions
Well, we're stopped out. You win some, you lose some.

I will say this here, I'd like to say it to all BTC traders: You don't need to trade only one market, the market you're 'enamored' with. I don't trade a market due to me 'liking' it.
I'd reccomend trading any market that is highly liquid (has good participation), that moves (BTC has been in a sideways range for 8 months), and it will be more profitable than just focusing obtusely on one market.

I send trading signals to a private group, and I cover FX, stocks, commodities and on top of it, BTC and ETH pairs. I don't reccomend trading just one, and if you do, trade FX or stocks, but not only BTC or ETH. Amount of good setups will be way less than in FX, commodities or stocks.


Back to ETH, the support is tested, it may still trend up, it's hard to say, but it's also hard to reccomend a long (or a short), stay flat.
Hi Ivan, is the uptrend still valid now?
IvanLabrie awe.investars
Yes, you can see that the buyers sent the price back up into the blue zone.
you still buying?
IvanLabrie Fractions
I have bought enough to risk 1%. Note waiting.
Is it possible to drop below 0.028 this time?
IvanLabrie awe.investars
That isn't a good question. Yes it is, but that doesn't make the uptrend invalid.
Any drop inside the blue box is a buy, gradually buy it as it falls, you can divide entry in 2 or more trades, but keep risk at 1-2% of your capital overall.
Thanks... that's enlightening.
+1 Reply
IvanLabrie awe.investars
Hope it helps and see you at the top!
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