posted by request not currently in a position.
I dont have a whole lot to add here. As a stoch traders, i can not not even start to look at a chart until there is a smooth signal line. That doesnt occur untill the weekly timeline. there some very clear s/r level as shown in the order blocks. These would normal leads me win/if a trade should occur.
short term Trade possibility 1 - if you're bullish and 240 level holds, long first bullish engulfing candle on the daily and use order block principals to size when you get out. ide probably take a good percentage off in the 340 handle. youre wrong below 240
short term Trade possibility 2 - if you're bearish, wait for a failure on the daily level of 240. Consider the market on balance , shorter term, has less legs than the above trade.. buyers will show up ~220 handle . beware of ICO capitualtion, wicks will happen.
)There arent nearly as many holding hordes of eth as there were beginning for year but they are still out there) you're wrong above 270
long term possibility trade - long above 380 as the first major resistance point condition is entering the order block and successful retest. ide take a percentage off in the 500 handle.
I dont have a whole lot to add here. As a stoch traders, i can not not even start to look at a chart until there is a smooth signal line. That doesnt occur untill the weekly timeline. there some very clear s/r level as shown in the order blocks. These would normal leads me win/if a trade should occur.
short term Trade possibility 1 - if you're bullish and 240 level holds, long first bullish engulfing candle on the daily and use order block principals to size when you get out. ide probably take a good percentage off in the 340 handle. youre wrong below 240
short term Trade possibility 2 - if you're bearish, wait for a failure on the daily level of 240. Consider the market on balance , shorter term, has less legs than the above trade.. buyers will show up ~220 handle . beware of ICO capitualtion, wicks will happen.
)There arent nearly as many holding hordes of eth as there were beginning for year but they are still out there) you're wrong above 270
long term possibility trade - long above 380 as the first major resistance point condition is entering the order block and successful retest. ide take a percentage off in the 500 handle.
Trade active:
target long order block was touch, bids starting to get hit on this now..
no future forward look on this yet.
no future forward look on this yet.
Comment:
total entry is a 169.5 avg . bottom support held. will judge trade at roughly 230 to determine what percentage risk should be taken off. thinking 20%.. this may change depending on volume.
Comment:
so far still good trade still on.
Comment:
this chart is still active. ive been buying and selling between the two orders block for months.
Comment:
this chart continues to be good.. 160 block is resistance till it isnt.
Comment:
broke into the 160 block this week , topping at 180.
this trade will continue to be active until the order block break one way or the other.
this trade will continue to be active until the order block break one way or the other.
if you want to be long i would bids on the lower order block. and follow the two long trades described above.. eth has sold off so much that if it get any meaningful retrace up, youll have time to enter.. you dont need to buy bottoms just be in the right direction if it happens.