tekolo
Long

Trading idea for ETC/BTC LONG - Current price 0.00248

BITFINEX:ETCBTC   Ethereum Classic / Bitcoin

The graph is self-explanatory and it is commented on the main aspects of the operation.

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Buy: As explained above. ~ 0.00237 - 0.0025

Take-profit (short term): ~ from 0.0035 to 0.0055
Take-profit (long term): ~from 0.0065 to from 0.0095

Stop-loss: ~ 0.0017869
Initial stop loss determined using lead line (Kumo basis) and William's fractal

For maximum risk management on this trade, we also could move the stop-loss up with the Kumo, keeping it just below the bottom edge. For even tighter risk management, we could move our stop-loss with the Kijun Sen, keeping it 5 to 10 pips below that line.

Warning! You should not invest more than 10% of your available capital to trade.

Tips:
DASH: XhjuDAxmMYeUNoxDfa6PNM83efKoXfmfpC
Kommentar: Take-profit (short term) reached!
Trade ist aktiv: New consolidation zone, you can sell profitably or strengthen your position.
Tekolo
Excellent. I don't know what half those indicators mean, but that will give me something to study! Good explanation with clear reasoning, unlike many that just say buy or sell.
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tekolo PRO Springbokminger
@Springbokminger, That is the idea! Make an educational but useful chart!
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great read, but i recommend you write your notes outside of the chart or find a better way to distribute it so we can see indicators.. well explained though! i had my target at 35 myself
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tekolo PRO jamyjamjr
@jamyjamjr, Thanks for your comment. The notes inside the graph are an intentionally educational element. Most of the people don't recognize the indicators and their elements.
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lovely chart. Could you please specify duration instead of short term and long term? i mean in number of days. Thank you
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