Price has gone to Red Target 3 and beyond but returned and is now made a temporary home around Red Target 3. ETH did surprise in the extent that price went below Red Target 3 and this proves how there were still sellers beyond where price, in his humble opinion, should have run out of sellers – underlining how volatile price is thanks to FUD. FUD is great if you can exploit it, but terrible if you open yourself up to it through trading too close to the price. Play to win – winning is proven through consistency. Looking at crypto, Money Man thinks that a move might be needed again soon to feed off the pent-up uncertainty. He explained some of his reasoning regarding his analysis in his latest BTC contribution.
Conclusion: The volatility in ETH easily results in overshooting of targets. How to capitalize on this? Money Man thinks that retention of some of your position beyond the max target is fine if you have a clear plan of what will call for stopping out or can keep an eye on price. Problem is that once she starts running beyond expectations, your greedy side comes out and before you know it, you have nothing to show for it. Remember: there are no guarantees and only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: The volatility in ETH easily results in overshooting of targets. How to capitalize on this? Money Man thinks that retention of some of your position beyond the max target is fine if you have a clear plan of what will call for stopping out or can keep an eye on price. Problem is that once she starts running beyond expectations, your greedy side comes out and before you know it, you have nothing to show for it. Remember: there are no guarantees and only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
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