Swing Trade and Investing Entry for ETH

Depending on who you talk to the time frame for swing trading is generally entering a position for a few days to a few weeks and investing is anything longer than a quarter (at the lower end). Here we have established a higher low on the swing trade level over the last seven days. With this RSI bounce and a higher low you can basically any point within the next couple of days and get out get out at any point between here and eternity because realistically I don't see us going lower than we are ever again, This RSI bounce is enough to get us through the week (as the last one did) and we are having a bullish MACD cross on both the 1H and the Daily charts.

So long as you are not overleveraged to the point that a candle wick can take you out you should be very well off to buy and forget for a long time. If you want to find a place to get out before it retraces 60% or more again look for divergence on the 12h or daily charts between price and MACD and you should get 90% of this upcoming run off. It is going to be hard, because you actually have to hold through that last dip in order to see the bearish divergence set in and that is pretty stressful. We saw a final knife twist ending the bottom and when you start seeing the bearish divergence at the end of this thing you will see that needle pop the balloon. Fractals all over the place, from the hourly right now to the 12h or daily when this round of bubble inflation ends.

Comment:

I forgot to mention another reason I am so bullish right now. Since we had the relative low last week we can see clearly on the hourly chart that the RSI is spending most of its time above 50 and even butting against over-bough conditions. When we were in the bearish market we spent most of the time below 50 and in the over-sold condition. As I have mentioned elsewhere we had a lot of divergence between price action and RSI/MACD and the final twist of the knife in the bear market reset how we start looking at the divergence and immediately we start bumping more against the Oversold Conditions more than we bump against the over-sold condition.