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I expect a strong bounce here so I set my buy zone as shown. Stop loss not too close. While my bullish bounce dreams (up to $150 short-term) may not come true, what I expect to see at a minimum is a small bounce and I can always reassess and exit if unsure.
Wish me luck. By the way, this isn't now I want to trade usually, Normally, I normally wait for a strong wave 1 and 2 to form in the direction of the trade I am entering. In this case, my decision to try to maximise gains may just lose me money. If so, no worries, I will look for another entry point. My EW count indicates that this is a plausible entry point.
Why ETH? Its correlated with BTC but the movements will be bigger.
Good luck everyone, protect those funds.
I expect a strong bounce here so I set my buy zone as shown. Stop loss not too close. While my bullish bounce dreams (up to $150 short-term) may not come true, what I expect to see at a minimum is a small bounce and I can always reassess and exit if unsure.
Wish me luck. By the way, this isn't now I want to trade usually, Normally, I normally wait for a strong wave 1 and 2 to form in the direction of the trade I am entering. In this case, my decision to try to maximise gains may just lose me money. If so, no worries, I will look for another entry point. My EW count indicates that this is a plausible entry point.
Why ETH? Its correlated with BTC but the movements will be bigger.
Good luck everyone, protect those funds.
Comment:
Already in profit. Let's see how this one goes :)
Comment:
Will add to my position when and if it drops below $106... there is still one wave down which may end at about $102 or thereabouts. Still long and willing to add to my position.
Trade active:
Seems like a small wave 1 and 2 have formed. This should form the basis of the move up... T1 $127 (from memory). Let's see how it goes.
Trade closed: stop reached:
Added to position at $100 and got stopped out. Was being too optimistic I guess.