Add to ETH longs on slight pullback +2k target

Jan 19, 2021

Wow what a run up for eth this year. My followers will know how much i've been recommending ETH all year. Should we sell now at the new ATH or keep adding?

For me all I see is a solid uptrend. How do we trade uptrends? We buy the dip. We have had our first dip to $1350 which was swiftly bought a couple of hours ago (see below)



I think as long as we can close today and hold the next few days above the green $1350 support line then I see no reason we cant keep building on this momentum up to $1550 and then $2000 region. Only If we see lower highs being made or death crosses on the 15 min charts should we really worry.

ETH is a great long term hold, keep buying the dips.

Jan 20, 2021

Note

Here we saw a slight sell off today but nothing too much to worry about. I actually bought the dip with the fake breakout of the rising wedge pattern.



Moving averages have crossed beneath the 15 min 200 period but that 200 period is still ascending rather than descending so I'm still not comfortable shorting, until it starts to turn downwards. Tomorrow will tell is more, but it looks like a real risk on appetite in equities with the new Biden administration which could spread into crypto as well.

Jan 22, 2021

Trade active

Here we saw another big bounce of the next support the bigger rising wedge. Just as I predicted once the 15 min 200 period moving average started to curl down around 1350 thats when we could of taken a short and now again price put in a double bottom with a fake break of the wedge that was time to close shorts and reverse long. Thats the beauty of being a pro day trader lots of opportunities with ways most days!