Ethereum (ETHUSDT) Daily Long&Short Trade Setups 2021/01/27

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MARKET OVERVIEW

• Price Action: ETH has been consolidating at the 200MAs since from from ATH of $1475
  
• Chart Patterns: No patterns.
  
• Areas of Interest: The area(s) of interest for us are the 200MAs @ $1330. Once price reaches one of our areas of interest and gives us a valid entry signal, I will update the trade, so make sure you follow me to get the trade entry signals in real time.
  

TRADE SETUPS
Below are the potential trade setups that I would be interested in trading. Regardless of the path that the price takes, I will be monitoring the market for a valid trade entry signal.

Short Trade Setup #1: Retest and Continuation (200MAs)
To open a short position, we are waiting for price to retrace back up to test the 200MAs and then continue moving down.
1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ $1330 by the time price reaches it, and bounce back up.
2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out

TRADESS RECAP: LATEST 3 TRADES

• 2021/01/11: We had losing trade! We entered a long @ $1024.8, with Stop Loss @ $971, which was hit.
  
• 2021/01/10: We had winning trade! We entered a long @ $1283, with Stop Loss @ $1247, and price reached a high of $1325, giving a risk reward ratio of 1:1, meaning if you risked 1BTC on this trade, you could've made 1BTC.
  
• 2021/ 01 /07: We had two winning trades! We entered a short @ $1213, with Stop Loss @ $1224, and price reached a low of $1159, giving a risk reward ratio of almost 5:1, meaning if you risked 1BTC on this trade, you could've made almost 5BTC. After our short trade, we had a trade of a new experimental trendline strategy. We entered a long @ $1194, with Stop Loss @ $1173, and price reached a low of $1289, giving a risk reward ratio of almost 4.5:1, meaning if you risked 1BTC on this trade, you could've made almost 4.5BTC.
  

Why Follow Me

• Daily analysis on the latest market movements and price zones for high probability trade setups.
  
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About Me

• I started trading in 2008, first got introduced to bitcoin in 2009, and have been actively trading cryptocurrencies since 2016.
  
• I have worked on Wall Street trading bonds, stocks, and options.
  
• I have worked at top consulting firms advising Fortune 500 companies and worked on $10Billion+ deals.
  
• I have founded and advised blockchain projects and companies, including in the areas of defi, nft, data ownership, and personal identity.
  
• I have taken hundreds of live trades, each recorded with over 50 data points, all meticulously analyzed, using data analysis and modeling to optimize win probability and risk reward.
  

DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.

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코멘트:

#ETH20210126 eth bounced off of the bottom of the channel (another successful test. If we get another 1-2 of these, I will add channel trades to our official calls). And now getting rejected from the 200MAs.