CarlsonCryptoTrading
Long

ETHBTC Analysis - Accumulate or Day Trade ETH?

BINANCE:ETHBTC   Ethereum / Bitcoin
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6
Doing things a bit differently on this one with most of the information on the charts. Let me know in the feedback if this is easier to read or not. Please LIKE if you agree with the idea.

This chart will help me determine what to do with ETH.

BREAK ABOVE UPPER TRENDLINE - Start Day Trading as I will expect a constant bull run to start for Ethereum . (Will trade on ETHUSD )
ENTER ACCUMULATION ZONE - Dollar cost average ETHUSD as I believe it will increase in relation to BTC eventually.

I am very BULLISH on ETH as I believe they will create the base infrastructure for a lot of utility in the decentralised world so in the long run, I believe ETH will be one of the most important digital advances to date which will be usable with 5G networks and the increased bandwidth to send more data.

Follow me to see what I will do as I will always post it to tradingview as it keeps me accountable for my trades.

Maintain or gain.

Comments

I agree, although I wouldn't be surprised to see ETH breakout early. The med-low timeframes on the ETHUSD pair are looking really nice for a long position.
+1 Reply
CarlsonCryptoTrading Vanilladelphia
@Vanilladelphia, yeah I am expecting this if ETH 2.0 gets released where staking works and people start locking their ETH away...IMO i think there will be a few things that they will need to fix on release...teething issues. But we will see what happens and that is why i have both scenarios covered
+1 Reply
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