TheSignalyst

ETH - Trend Following Setup!

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
As per my last analysis (attached below), ETH rejected the 2k zone and traded lower. NOW WHAT?

ETH is overall bullish trading inside the orange channel and it is currently sitting around the lower orange trendlines so I will be looking for trend-following buy setups on lower timeframes. Knowing that it can still test the 1500 one more time before going up.

As per my trading style/plan:
I will be waiting for reversal buy setups (like a double bottom , trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Great analysis, been reading your ideas for a week now and they have helped me understand some setups. I am new to crypto (and trading in general) and plan to follow DCA method for a year dividing equally between btc and eth. Is weekly buying better than once a month for crypto? I plan to invest around 300$ a month.
+6 Reply
TheSignalyst karanc_trading
@karanc_trading, thank you Karanc! glad you like my trading style. well it depends on the market conditions, don't just buy based on random days or period. whatever suits your style, expectations and budget. save money to be ready to jump in wherever there is an opportunity. don't just force it with a fixed amount per week or month
+2 Reply
Would have been really nice to get it at 700 on Kraken
+3 Reply
Nicely done! Most cryptos are pulling back from this relentless bull market. I think we will see some great buying opportunities soon
+2 Reply
TheSignalyst reubenroyal
@reubenroyal thank you gentleman. Yess waiting for the buy setups to form patiently 🙌 good luck to all
Reply
Glad I added more at the dip!
+2 Reply
@FlyDownX, let's see the reaction around the 1500 :D
+1 Reply
I am bullish on all crypto atm, a pump is a pump! great info
+2 Reply
TheSignalyst MountainTraderFX
@MountainTraderFX, always bullish and looking for buy setups to add more
Reply
yeah, buying while cheap as always! well done!
+2 Reply
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