ETH is having its moment (Maybe new ATHs)

BITTREX:ETHBTC   Ethereum / Bitcoin
The Etherum platform coin (Ether or ETH for short) is showing very bullish signals.
I am not a big ETH fan but I am sure that many of you will enjoy trading this coin.
We might be looking at new All Time High (0.0883 Aug. 2017).

I am using the candle stick analysis with the TD Sequential indicator to predict price movement.
This indicator is perfect for swing trading (Just putting it out there for those looking to learn).
-We will have another green candle on the 4h chart.

Indicators confirm and support an uptrend:

-MACD and RSI showing very bullish signs. Other indicators not shown on chart as well.
-Clear uptrend signaled on the chart

*** Buy-in: 0.0285 - 0.0356

*** Targets:
(1) 0.038
(2) 0.047
(3) 0.062

(4) And beyond - targets can be, and will be, updated in the future depending on how the coin performs.

*** Stop loss: 0.025

Prepare for a long trade.
ETH is very resilient, based on past performance.
Many upgrades, news and development on the pipeline for ETH in 2018.

Today is the best day ever.
Comments, suggestions, ideas, all welcome.

Thanks for visiting. And don't forget that today is different, so today, you can tell yourself, and believe it, that YOU REALLY DESERVE THE BEST.
There is no reason needed. Just Because YOU ARE. Because I AM.
Comment: This trade is likely to get invalidated if Bitcoin starts a new Bull Run. So please check your stop loss.

More information:
Trade active: Trade active and within buy-in range.

Lots of room for upward growth according to the indicators MACD & RSI on the 1D chart.

Clear breakout and new uptrend line.

We need to build up, so that we can brake 0.037 and move upward.

Trade closed manually: Please close this trade now. Already below the new stop loss.

Keep your Bitcions and hold patiently until new all ALTs hit bottom and new, simple, strong and highly profitable ideas are published.
Trade closed: stop reached
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Hey, quick question. why is it good to sell at a loss? isnt it smarter to hold until the price of eth is normal again so you wont make a loss?
@kervv12, In order to avoid an even bigger loss. Say ETH breaks support and goes way down, what's the point in holding?

1) You can buy back lower if what you want is to have ETH. You will be basically making money on the downtrend.
2) You can put your money to work for you by joining a trade that is actually in the positive.
3) Of course you can hold, but breaking support invalidates the trade we got into in the first place. So if the trade is not going to happen, then there is no point in keeping the coins. I personally don't like ETH, so I don't see a point in keeping my money stuck here while it can grow while in Bitcoin, and then grow even more when I choose to buy back in.

The point is that if you can predict what is going to happen, you might as well put that information to good use.

And your money should always be working on your favor.

kervv12 alanmasters
@alanmasters, youre right. Thanks alot
@kervv12, If you have any other concerns that you would like to discuss, I will be more than happy to do so.

Thanks again for visiting my "ideas".
+1 Reply
omen5670 alanmasters
@alanmasters, Hey, I have a small question. When you say "Stop loss: 0.025 " what exactly does it mean, let's say I bought at 3.55 and then graph doesn't hit the expected points and the idea is invalid, should I be selling at that price (0.025btc)?
@omen5670, Ok. First thing, this is based on this trade. Now, there is no 3.55 ETH price, so I don't know what you are saying there.

But let's say you bought @ 0.035. And the coin isn't doing well and starts to fall down. Now you have to go to sleep but you know you have to sell if it goes to 0.025 to prevent any further price devaluation, because if that level is broken (I already made the analysis - or whoever is recommending the stop loss), it will go down further and fast. So you need to set a stop loss order.

Which is a sell order that sells automatically. So, if ETH price goes below that point, your ETH will be sold automatically. And you won't lose anymore.

So we say, put a 10% stop loss. That's a sell price 10% below your buy in price, so if the trade doesn't work you only lose 10%. But the trade profit potential can be 50%, lets say. So yo u have a 10% / 50% - Risk / Reward.

If it goes good you earn 50% (selling at the target).
If it goes bad you lose 10% (selling at the stop loss target).

In short, a stop loss is an automatic sell order.
omen5670 alanmasters
@alanmasters, All clear now. Thank you for the explanation.
+1 Reply
primiq alanmasters
@alanmasters, You are my god alanmasters!
greencyber kervv12
@kervv12, coz it has chance to go down deeper
Better u move ur money to other coin for a moment
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