If you have been following me for the past few weeks ive been playing Eth a lot and there are a few reasons for that.
1 Eth has been leading the market in direction! Very important to note that Eth has been the weakest for the past few weeks but also had one of the nicest bounces in the market.
2 Because its kinda leading the market down I think it could have a very profitable turnaround when it occurs.
3 I can go both ways on Eth short and long!
4 I can use up to 5x leverage on Eth.
5 Other alts I dont see why you would give them much consideration with BTC and ETH being the major players in the market. Where they go most of the market will follow so wasting a bunch of time looking at alt charts that look good doesn't really get you anywhere when Eth begins to break down which signals a btc breakdown which in turn moves the entire market. Dash is a good example its been one of the strongest but what the rest of the market does still moves dash price. So Eth and BTC are whats moving everything so I think its best to focus on those charts.
6 Dont get me wrong on number 5 you need to watch the alts on weekly daily 4 h and 1h charts and see which ones are strongest like dash or binance coin but not trade them now. So when things are different and were out of this longer term downtrend you can play some of the alts for some big gains.
7 Learned to trade what is and not what I think is coming which has totally changed my trading. I always wanted to pick top and bottoms and take large positions there because I know in this market if you pick a bottom you can easily 5x your money in a day or two but ive moved away from that taking the smaller plays in between.
Thanks for tuning in!
Shorted 5Eth at 214.4
will look to add up to 30 shares total no reason to have that kinda size at this moment.
1 Eth has been leading the market in direction! Very important to note that Eth has been the weakest for the past few weeks but also had one of the nicest bounces in the market.
2 Because its kinda leading the market down I think it could have a very profitable turnaround when it occurs.
3 I can go both ways on Eth short and long!
4 I can use up to 5x leverage on Eth.
5 Other alts I dont see why you would give them much consideration with BTC and ETH being the major players in the market. Where they go most of the market will follow so wasting a bunch of time looking at alt charts that look good doesn't really get you anywhere when Eth begins to break down which signals a btc breakdown which in turn moves the entire market. Dash is a good example its been one of the strongest but what the rest of the market does still moves dash price. So Eth and BTC are whats moving everything so I think its best to focus on those charts.
6 Dont get me wrong on number 5 you need to watch the alts on weekly daily 4 h and 1h charts and see which ones are strongest like dash or binance coin but not trade them now. So when things are different and were out of this longer term downtrend you can play some of the alts for some big gains.
7 Learned to trade what is and not what I think is coming which has totally changed my trading. I always wanted to pick top and bottoms and take large positions there because I know in this market if you pick a bottom you can easily 5x your money in a day or two but ive moved away from that taking the smaller plays in between.
Thanks for tuning in!
Shorted 5Eth at 214.4
will look to add up to 30 shares total no reason to have that kinda size at this moment.
Trade ist aktiv:
added 5 more short at 215.3
very tight stops
very tight stops
Trade ist aktiv:
was stopped out on previous short basically soon as I added the 5 additional shares so was a 10 share position size whici I lost apporx 22usd
reopened a short 10 shares at 217.3
green arrows are always close and white are open I put green arrow to show where I closed
reopened a short 10 shares at 217.3
green arrows are always close and white are open I put green arrow to show where I closed
Kommentar:
added 5 at 220.2 total of 20 short
veryclose to stop dont have actual hard stop because im at the computer
veryclose to stop dont have actual hard stop because im at the computer
Kommentar:
Kommentar:
this is looking good
Trade ist aktiv:
i added 5 more eth a while back forgot to post arrow is marked
total 25 eth short
key levels marked
total 25 eth short
key levels marked
Trade geschlossen: Stop wurde erreicht:
stopped out for small loss mostly trading fees.
had to place hard stop at 218.3 because I wasn't around the computer.
had to place hard stop at 218.3 because I wasn't around the computer.
total of 15 eth shorted