If everything holds this is my Ethereum next week. Already entered the one and it was published privately cause not certain my bearish bat was accurate. Not used to using those tools. Either way it worked out and if things continue and everything remains stable I plan on something like the trade here, Of course I adjust my trade as it gets closer to time and more data is available but this looks like a good possibility for now. I used other charting software to map this trade that has a market maker matrix that shows me where true supply and demand is at and much more. This was close to what I had on that software. This is a rough idea at this point and not using leverage at all so there is a loose stop loss. Personally I won't use one as I see 860 as a low point and will accumulate ETH anyway. That's just me though. If you don't want to hold through the loss the use a SL just in case. This is still a bear market and could remind us at anytime. Yesterday they burned 2.57M ETH Reference EIP-1559 for details. Merge still coming sometime in the future create anticipation and other emotions by the sounds of it. This is just a rough idea and subject to change. I planned on picking up ETH around there anyway all the way to 1440, 1240, 1060, 960, 860. 720, 570, 420 but doubt anything under the 860 will get hit. I also believe we will see 2K+ first.
As always not financial advise just me offering possible scenario's based on what I see on my different charts. I can do traditional TA but TA is just a tool and not an exact science. I try to find new and innovative ways to look at markets and trade them while creating new systems I use for my main trades. Many of these trades will fail but the ones that succeed should be good profits. I typically only use a suggested SL on a CFD leveraged trade. Especially during an accumulation phase If you chose to try them then make sure you understand that. Also DYOR because I do my best but my time is limited at the moment. It's take a lot to convert these trades over from my software to TV and from range to a different type of candle other the BARS. So getting the times right is a challenge for me as range charts use ticks not time based. Hopei it helps someone even if it's what's not to do... Feel free to learn from my mistakes to avoid them yourself. There is also a Volume Footprint in the front of the chart but is hard to see on high time frames. It's also very limited.
As always not financial advise just me offering possible scenario's based on what I see on my different charts. I can do traditional TA but TA is just a tool and not an exact science. I try to find new and innovative ways to look at markets and trade them while creating new systems I use for my main trades. Many of these trades will fail but the ones that succeed should be good profits. I typically only use a suggested SL on a CFD leveraged trade. Especially during an accumulation phase If you chose to try them then make sure you understand that. Also DYOR because I do my best but my time is limited at the moment. It's take a lot to convert these trades over from my software to TV and from range to a different type of candle other the BARS. So getting the times right is a challenge for me as range charts use ticks not time based. Hopei it helps someone even if it's what's not to do... Feel free to learn from my mistakes to avoid them yourself. There is also a Volume Footprint in the front of the chart but is hard to see on high time frames. It's also very limited.
Order cancelled:
Not trading overall market conditions showing weakening as of now. Will reevaluate net week. Right now it looks like consolidation or new downtrend possible.
Comment:
Well damn that was setup perfect.