bshgeo

ETH Daily Chart FEB 10 2018

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETH to continue higher. Look for ETH to reach Blue B before making a minor correction and continuing higher to Blue C. We have moved into a solid Bullish trend on ETH and BTC . Many alts are also moving higher, but with less strength and conviction than ETH. ETH is the most used Blockchain with far more more tokens using it than its nearest competition for acceptance at present such as EOS and VEN . Both EOS and VEN are also solid performing and during the recent severe decline exhibited surprising strength by moving higher much of time during the correction. I would not hesitate to hold positions in any of these three blockchains ETH, EOS or VEN as all apprear to be leading the technology at present.

Keep your stops adjusted properly to minimize any losses and maximize profits as we move forward. Remember the first rule of any trade is understand your risk limits and set up trades and stops to NOT LOOSE MONEY is the first rule of being a successful investor. Stops are a critical component of any smart trading plan.

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