About meI enjoy trading and learning about financial markets on a part-time basis. I have demo traded for over a year and have just now made my first trading account deposit. I look forward to networking with anyone willing to share or guide beginners.
A friend and I were talking about trading back against the dollar with his cryptos. As I was sitting on an ETHBTC trade,
I decided to come back from the blockchain and see how we're doing with Ethereum and Dollars.
Overall I see a nice symmetrcal traingle almost complete for a breakout.
Since there is a slim parallel channel inside the triangle, and MACD looks...
So in my last idea, I rode the ETHBTC uptrend channel over the weekend. When resistance tested twice after the breakout, I thought we might be going higher.
Now we see a beautifully formed bullish pennant.
Most recent resistance level was back in July at 0.113670.
I'm going long and swinging for the fences on this one using MACD divergence as confirmation...
I know I'm probably getting a little greedy but after riding the trend channel up with two winning trades, I just noticed that resistance has already tested twice at .10488.
Now there's a small break above it that could mean it could climb a little more. So I've decided to go ahead and jump in.
BE CAREFUL THOUGH! MACD and RSI are showing oversold, so we could...
So using a small amount of BTC i had laying around at cex.io, I decided to practice my trendline/fib strategy skills on this crypto pair.
As you can see, a nice uptrend channel has moved up fib levels and may be in one pull last pullback before hitting the full retracement.
I going optimistically long using MACD crossing as confirmation that we're still in an...