BITFINEX:ETHUSD   Ethereum / Dollar
Here's how I'll buy my first ETH parcel. Some nice fibo confluence at the 0.618 retracement at 840's. TP1 will be at $1000 and TP2 higher.
Kommentar: This is building on MarcP's chart here -
I bought at $920. Should I try to sell 50% at $1K and then sell the other half at a higher price? Do you think it can rally beyond $1K, or do you see it retracing back to around ~$835?
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ipanoramic360 NestorBarajas
@NestorBarajas, No-one knows where the market will move, least of all me. All we can do is predict where it might go based on our own analysis. Did you have a profit target in mind when you bought at $920? Personally, I'm looking for buying opportunities at $840 because price has a tendency to retest a previously broken resistance. It's been a strong rally to $1k, people are taking profits, market seems to be behaving normally. I guess it comes down to what your risk appetite is. I recommend for you to have a plan for every trade you execute. Know where you want to buy, where you want to take profit, and where you want to get out if you get it wrong.
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