cybernetwork

ETH/BTC Trade using FSBGB

Long
cybernetwork Updated   
BITSTAMP:ETHBTC   Ethereum / Bitcoin
  • Start cost-averaging in (0.5% of trading stake) below 0.02 BTC/ETH
  • Exit with stop-loss at 0.0184 BTC/ETH
  • Target = 0.33 BTC/ETH
Comment:
If stop-loss exit triggered at 0.0184, next targeted attempt to re-enter is perhaps at 0.0153 BTC/ETH (need to re-assess if and when the time comes).

Not a financial advice. Just a personal trading log.
Comment:
Lowered my buy-in point down to 0.0152 BTC instead (i.e. 0.618 fib-level).
Stop-loss at 0.0127 BTC
Comment:
Above adjustment based on latest ETH/BTC development.
Comment:
Just realised ETH stop-limit buy (set 10 days ago) was triggered! Price fell just under target and bounced! =) BTC looks bearish though, even though BTC dominance looks bullish for altcoins (50/200DMA death cross on the 1hr chart). Stop-loss set to exit into tether to protect gains.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.