Well...I know the market can be hard to read sometimes but the ETH weekly chart above seems like it will have a Death Cross soon on our weekly chart . That's the main thing I see here . You see that light blue 50 MA ? And it looks like it will cross down through the dark blue 200 MA perhaps sometime this month ,in April . That's called a Death Cross of the 50/200...
When you have 50 starting to move to cross 200 MA, Clearifying, you always have en increase in value, might take a couple of days but it always happens, how much, that's harder to tell. But check you charts it's almost 100%. Buy as low but don't wait to long somwtimes it happens fast.
Curious to see if a new configuration will lead to better lower timeframe (4hr) results. No targets for now, however moving up stop loss once break out begins. More or less just recording data and seeing if I can catch MACD breakouts. Im used to working with daily and weekly FYI ARU "STOP LOSSES PEOPLE!!!"
A simple trading strategy everyone can understand. Take the average of 200 days worth of stock prices of a stock, compare that to 50 days average. If the two crosses and are going up, you buy. If the two crosses and are going down, you sell.
KNOWN CRYPTO CAVE 50 DAY 200 DAY TEST TEST Just checking to see if this works, haven't don this much before :)
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...