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JoE
Nov 2, 2017 9:45 PM

Pretty darn good R&R ratio on ETHUSD Long

Ethereum / DollarBitfinex

Description

What we are looking at here is an 'Ascending Triangle' pattern here, normally we should enter right after it confirms the up move, but for early entries I think now is the time to jump in.
Closer look is down below, you can find it by clicking 'Related Ideas'.

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Added this morning, price holds steady despite BTC dropping.

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Despite parity drama, ETH holds steady and strong. Patience will pay off.

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We are very close to get 'golden cross' on daily RSI. Your last chance is now.

Comment

Sorry, I meant MACD.

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Holy cow!

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resistance broken, if we go above $400, expect moon is the next stop!!

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Exploded, expect more coming with this blue sky breakout!!

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Some consolidation here, added on the dip.

Trade closed: target reached

I'm closing this trade before it hits my initial target because I saw too much hype on it, when market is doing things like this and you must bring yourself back to think about the R&R (risk reward), In other words, it doesn't worth the risk to make it perfect because what you are risking is the gains that you worked so hard for. There will always be another chance, isn't is nice to have more capital on the next one ?
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