ETHXBT A safe play away from Brexit
My guess is the cryptos are the furthest from Brexit.
This is looking like an extended correction may be over or close to it. Although it looks like a strong move away the MACD is suggesting a bit more down. I will be looking for a bit more up and then a break of the 4 hr (blue) trendline. Followed by a drop down to the 7-9 area. That should be it and a strong move up to eclipse the recent high. I am suggesting it may hit 45.
On the other hand the MACD is not all some make it out to be and we may already be in the move up.
If price breaks the minor daily trend line I will look for a little flag and buy the break of that flag.
Educate yourself, create a trade plan, Validate your trades with other traders ideas. Own your trades and take credit or responsibility.
“To rise to the top of any field you only have to get the better of one person, yourself”
K. Hamilton Proudman
This is looking like an extended correction may be over or close to it. Although it looks like a strong move away the MACD is suggesting a bit more down. I will be looking for a bit more up and then a break of the 4 hr (blue) trendline. Followed by a drop down to the 7-9 area. That should be it and a strong move up to eclipse the recent high. I am suggesting it may hit 45.
On the other hand the MACD is not all some make it out to be and we may already be in the move up.
If price breaks the minor daily trend line I will look for a little flag and buy the break of that flag.
Educate yourself, create a trade plan, Validate your trades with other traders ideas. Own your trades and take credit or responsibility.
“To rise to the top of any field you only have to get the better of one person, yourself”
K. Hamilton Proudman
Komentarz:
This would be a good long to hold to the top in case we break out of the daily trend. (green line)
Zlecenie zamknięto ręcznie:
I was looking for something safe during Brexit. I found something very boring indeed, I'll close this and go back to something more exciting like watching paint dry or grass grow.
Zlecenie zamknięto ręcznie:
This trade was somewhat of a dud and did nothing I forecast. Perhaps it was the hardfork issue or more likely I just didn't read it right.