Good call, unfortunately didn't follow your advice even tho my own analysis agreed with yours. Instead went long at 0.021. prematurely thinking we're near support. I always get nervous even thinking about shorting ETH.. got burn real bad once, not trying to repeat that experience.. Go figure I let my emotion determine course of my action.
Never ever let your emotions step in, you need to be cold trading.. and always be confident and sure about making a trade. a little advice is also that you dont need to rush things, to go long there is always gonna be a good opportunity cause you got double bottoms.
Well this job is an art, you must know a couple of basic things to be good at it.. i have 2 years learning and around 7 months that's when i started getting profits. 1. Be patient with a trade, have a plan a set up. If you go long know and things dont go as you plan get out before it gets worse, but if you go long and you expected a little bit more of down then remain calm, you gotta have a high risk tolerance. and 2. Learn everyday, trade easy patterns or as some people call them gimme patterns, this is not a hard job.
I'm doing tiny trades now, to practice and confirm my analysis, I have very high tolerance for risk, sometimes that's main reason I take big hits on single bad trade, not knowing when to get out... Patience is my issue, always too early to get out and get in.
My opinion is that we have too much FUD at the moment in the market, and a lot of swings are bound to be seen, also we need to stay up to date about what will happen with ETC. i don't believe in holding, i believe in trading, always being on the profit side. I have a long on ETH but just a scalp nothing big right now, we need to see how ETH holds the floor.