Similar to my BTCUSD idea I am looking to get into a swing/position long on ETH.
- Entries aren't set in stone, just a general idea, like my BTC trade I'll enter live while monitoring PA.
- BTC has already fulfilled the 70.5% retracement level, ETH is hovering around the 50%.
- Both pairs could go much deeper and I am prepared to bid further down on each, this is a swing/position trade I'll be averaging in and am OK being underwater for a while.
- I don't think we V-bottom I believe we will see consolidation and a long drawn out range before (if) we get continuation to the upside.
Will update this as we go.
- Entries aren't set in stone, just a general idea, like my BTC trade I'll enter live while monitoring PA.
- BTC has already fulfilled the 70.5% retracement level, ETH is hovering around the 50%.
- Both pairs could go much deeper and I am prepared to bid further down on each, this is a swing/position trade I'll be averaging in and am OK being underwater for a while.
- I don't think we V-bottom I believe we will see consolidation and a long drawn out range before (if) we get continuation to the upside.
Will update this as we go.
Trade closed manually:
I'm flat on all my trades after waking up to this dump.
No reason to rush into a trade at this point IMO, my idea was wrong, going to let price settle before making my next move.
No reason to rush into a trade at this point IMO, my idea was wrong, going to let price settle before making my next move.