Ethereum is currently moving in a strong uptrend. An ascending wedge formed. It is very necessary to be careful in trading now. In fact, holding the starting position while the trend continues. You can apply the pyramid trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool.
A break in the price of the trend line and fixing below it will indicate the weakness of the bulls as a result of a potential trend reversal. On the chart, for clarity, I showed the existing and past local uptrend, so that you understand the logic of work.
I will also set an example on my past trading ideas on how to work in similar situations. In order for you to better understand the essence of trading work. If you are not in a position on this instrument, then you can simply observe the development of events for the trading experience in the future.
My past trading idea for this ETH / USD pair. March 31, 2020 ETH / USD Triangle. The price is decreasing. Coming soon.
Profit already more than + 70%. There has been no upward trend weakening since the triangle broke. The trend continues.
A similar situation on bitcoin in June 2019. BTC is moving in an uptrend. Repeat 2014 or 2017?
An uptrend continues. Trend Trading and Important Areas Jun 27, 2019.
The trend stayed at the important zone and the price fixed under the trend line. An attempt to return the price to an uptrend was unsuccessful. What served as a signal of a reversal of the then upward trend on Bitcoin. And the formation of a bear measured move
BTC possible formation of a global triangle. Jun 28, 2019
Trading with the trend Option of forming a global triangle Jun 27, 2019
And a very similar situation was at one time on LTC a month before halving. LTC trend trading. Crowd training before halting BTC Jun 25, 2019
Well, after a while (2 weeks). We saw a breakdown of the upward trend line.
As history showed that the breakdown before the halving served to reverse the current trend and the emergence of a downtrend.
I will continue the example of trend trading on the same coin. LTC price uptrend is broken. Trading in a downward channel. Aug 14, 2019 As we see the downtrend continues. Potentially work in a hypothetical downward channel that may form.
As we see from the history of the channel and formed. Work on this tool continues.
Trading idea + training. Nov 1, 2019. TRAINING Pyramiding money management. 2 part. Short LTC / USD.
In this training idea, I described how I worked on this LTC / USD pair long before the trend reversal. Pyramiding money management. 1 part. Long LTC / USD
Also, I think this trading + training idea will be useful for you to familiarize yourself. The same pyramiding (trading in a trend), but on coins of average capitalization. The profit, as well as on the lightcoin, is impressive about + 200-350%. But the charm is that due to the fact that it is an altcoin of average capitalization, all the actions of the cycle occur many times faster.
Also, if a person worked in the algorithm that I described and defended my profit as shown in the idea of learning online, he would not be afraid of the margin focus of the Binance exchange that they scrolled on hamsters.
Pyramiding online on a pump coin. Matic. Whale Trading Nov 28, 2019
To all readers a lot of money in trading. Rock your mind and skills.
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EDUCATION Pyramiding How to earn 52000 with a risk of 5% from 10000 1part
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Possible formation at the top of the secondary uptrend of the downtrend. Entrance to the side of breaking through the triangle on a breakthrough or rollback after a breakthrough.
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+ 15% since the breakthrough of the triangle. An uptrend is developing
Сделка закрыта: достигнута тейк-профит цена
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From the entry point + 80.88%. Since last update 21.18% The price has definitely reached the indicated price level.
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+10% There is a breakdown of the local downtrend line.
ETH / USD + 70% For 13 days (13). Think what the figures for the percentage growth of ETH 7 days ago by + 18.23% meant (the number of the fraction after what should be) and why now ETH showed the same non-random + 70.99% with the same values of the breakdown of the downtrend line (70, 18 -7.18). 18.23% was posted on my instagram 7 days ago.
The total profit for a trading idea and an idea of training / real trading is + 68% + 22% + 70% = + 160% purely large movements without margin and leverage risks.
ETH/USD Please note that the timeframe on the chart is 1 week. This idea makes it clear what is happening globally on the chart on a large timeframe. We are currently witnessing a secondary uptrend developing. The downtrend line is broken. The double bottom is formed with a base of 240%. Now we are working on its target, as the price has broken through the resistance of its top. work on a trend
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Local work There is a break of the main trend line (zone). If this level is held, they may draw a double bottom and return the price to an uptrend. If not, then a possible trend reversal.
So much info ! I've seen these pyramid structures on charts before but never so much explanation, thanks. Seems the parabolic moves come some time after the Halvening - which is only a week away .
SpartaBTC
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@shimmeringpath, Use the information in your trade. This is really a strategy that works.
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@shimmeringpath, Only initially try to work not with large amounts of money. First you need to learn and hone your skills. You always have time to make money, the market will not run away from you.