TradingView
CrackingCryptocurrency
Feb 21, 2019 6:27 PM

ETHUSD Longs vs. Shorts Weekly Analysis Short

ETHUSDLONGS+ETHEURLONGS+ETHGBPLONGS+ETHJPYLONGS+ETHUSDBitfinex

Description

~There is beauty in simplicity.~

-Trade Based of Data, not Emotions
-Consistent Strategy, not Inconsistent
-Same Input = Same Output. If you don't do the same thing consistently, how do you know what you are doing wrong?
-Patience. There will always be another trade, another setup.



ETHUSD Longs vs. Shorts Weekly Analysis

-This is a fairly straight-forward chart.
-Longs on ETH are irrationally still very high near the top of a trading range, while longer-term shorts positions have begun closing their positions.
-The market does not like to reward retail speculation.
-I believe based off of this that much more dynamically, ETH Shorts are highly undervalued, making a positional ETH short my primary objective moving forward.
-The market would need to break out to invalidate this analysis, rewarding mass speculation, which is a very rare occurrence.


~Manage Risk, Trail Stops, Lock in Profits~
Cracking Cryptocurrency
More