I last posted about Ethereum on 4/11/18,
I talked about the floor was in at $350 and for aggressive traders, place a market buy order once price closes above $450 for a break out trade or wait for pull back once price closes above $450, then find a stack of buy orders on a 15 min or 1 hr chart.
The breakout worked depending on where you put your stop loss.
The pull back after price broke $450 worked as well. I found buyers at $480 on the 1 hr chart.
I also talked about Ethereum in a post on 3/27/18,
I mentioned for conservative traders look for price to take out the sell orders at the $650 level. Once this level is taken out, I expect price to pull back when it gets to the $700 level (highlighted by the green arrows). During this pull back, look for demand orders on a 4 hr chart to then go long to my 1st target at $1200.
For the conservative traders, like myself, the pull back after price hit sell orders at $700, worked as well. There were buy orders at the $600 and this was another opportunity to get long.
Although there are sell orders sitting at $885, $960 and $1040, these orders are on a smaller timeframe. The dominant trend is up s, so I anticipate price pulsing and potentially pull back, but my Target 1 remains $1200.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
I think the method of trading can be right! Thanks for sharing it. Please, upvote and resteem
seems right to me also but cant understands it. Any link to read about it or its just simple as to find the blue candles from Boring candles indicator?