Recap: Ethereum went (on the previous attached analysis), below Decision Box 2 by $4 and reached Green 1, but now is back in the Decision 1 area. Money Man was hoping that ETH would get out of the congestion and believed it would be tradable only outside of it. We are still within it, but there are some signs of hope. Not least being the volume.
Trading Health and Safety rules state that you need to use a stop-loss and especially so when trading something that could rocket or bomb at any time. Thing is that you would want to know where and why you are going to put your stop-loss before you enter a trade. Money Man argues that is even more important than your entry or your target. Trading without a stop is like walking around without pants; you are bound to get done in badly sooner or later. Crypto is notorious for its fake outs and mastering stop-loss placement is key. Also always remember that you also need to make peace with what you would lose, if your stop gets hit, before the trade. So many things to consider that you will not have the time to do it as you see an opportunity. You simply must anticipate opportunities and pump the calculator beforehand.
Conclusion: Money Man has been watching how BTC has dominated ETH and knows this will not last forever. This he tried to capture within his analysis. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Trading Health and Safety rules state that you need to use a stop-loss and especially so when trading something that could rocket or bomb at any time. Thing is that you would want to know where and why you are going to put your stop-loss before you enter a trade. Money Man argues that is even more important than your entry or your target. Trading without a stop is like walking around without pants; you are bound to get done in badly sooner or later. Crypto is notorious for its fake outs and mastering stop-loss placement is key. Also always remember that you also need to make peace with what you would lose, if your stop gets hit, before the trade. So many things to consider that you will not have the time to do it as you see an opportunity. You simply must anticipate opportunities and pump the calculator beforehand.
Conclusion: Money Man has been watching how BTC has dominated ETH and knows this will not last forever. This he tried to capture within his analysis. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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Previous analysis on ETH
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Crypto news is running hot and the market is digesting it at the moment. Money Man decided to bring his risks down by some and prepared to add again once the market has made what seems a clear decision. Antifragile through options and prepared to pay some for the luxury.
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Sorry - forgot to add price now - 3870
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Next ETH analysis
