Hello friends. Hope you are all staying sane during these strange times. As always, a like is very much appreciated.
Strong trendlines are approaching many crypto assets. The momentum of ETH is very promising at the moment so in my opinion trading ETH is more profitable than BTC with the upcoming swing.
As illustrated with the green and red circles, once the price breaks through and is looking like a breakout, the highlighted areas are the ones to buy/sell respectively for a nice 4+ points in profit.
The horizontal lines are past Support/Resistance, and thus potential bounce points.
But, regardless of the bounce points the next move is going to be trend defying.
Is this the start of a bull trend? Or are we going to see further invalidation, and a continous bearish bloodbath? Only time will tell, either way, we will make money.
P.S. be wary of fakeouts. that's why i am emphasizing that you need to be CONFIDENT of a breakout, if you see momentum straining in either direction, GET OUT EARLY and protect the loss.
Thoughts? Disagreements? Don't hesitate to reply! I love exchanging ideas with fellow traders.
Feel free to leave a comment, and don't forget to leave a like if you found this useful! Cheers.
Strong trendlines are approaching many crypto assets. The momentum of ETH is very promising at the moment so in my opinion trading ETH is more profitable than BTC with the upcoming swing.
As illustrated with the green and red circles, once the price breaks through and is looking like a breakout, the highlighted areas are the ones to buy/sell respectively for a nice 4+ points in profit.
The horizontal lines are past Support/Resistance, and thus potential bounce points.
But, regardless of the bounce points the next move is going to be trend defying.
Is this the start of a bull trend? Or are we going to see further invalidation, and a continous bearish bloodbath? Only time will tell, either way, we will make money.
P.S. be wary of fakeouts. that's why i am emphasizing that you need to be CONFIDENT of a breakout, if you see momentum straining in either direction, GET OUT EARLY and protect the loss.
Thoughts? Disagreements? Don't hesitate to reply! I love exchanging ideas with fellow traders.
Feel free to leave a comment, and don't forget to leave a like if you found this useful! Cheers.