ETHBTC Elliot Wave Analysis + Trade idea
Playing with Elliot waves still, yesterday's idea was my first TA and worked well!
1) I used fundamentals of BIP uncertainty to decide ETH is going down with BTC, would rather want to read that from TA alone.
2) I should set wave lines to be parallel, it's the best gradient info we got when completing a pattern, my line 4 was too slow.
3) I should follow my own damn advice! I put buy at line 5 exit (0.094) and went to sleep and it went down all the way.
Today's idea continues with a new Elliot wave (cause that's all I know right now, lol), making it an upward triangle on fundamental of BTC testing long downtrend breakout 2400.
Gonna try and trade my suggestion once Elliot point C reversal is confirmed, buy ETH at 0.087, sell at 0.093.
How should I set the stop loss for this, never used stop loss before?
1) I used fundamentals of BIP uncertainty to decide ETH is going down with BTC, would rather want to read that from TA alone.
2) I should set wave lines to be parallel, it's the best gradient info we got when completing a pattern, my line 4 was too slow.
3) I should follow my own damn advice! I put buy at line 5 exit (0.094) and went to sleep and it went down all the way.
Today's idea continues with a new Elliot wave (cause that's all I know right now, lol), making it an upward triangle on fundamental of BTC testing long downtrend breakout 2400.
Gonna try and trade my suggestion once Elliot point C reversal is confirmed, buy ETH at 0.087, sell at 0.093.
How should I set the stop loss for this, never used stop loss before?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.