timj

Confused about when to buy? Just wait for a trendline break

Education
COINBASE:ETHUSD   Ethereum
In the world of cryptocurrencies it is so difficult to know when to buy. Instead of trying to 'time the market', just draw some trendlines or use an automated tool (the one I use is: Auto-Trendline from Patternsmart ). Make your purchase once price breaks above the trendline.

In this case, looking at Ethereum on the daily chart, you could have picked some up for $55, $230, and $300 dollars after price broke the trendlines marked with the arrows. Price is listed next to each arrow.

Deposits welcome
ETH: 0x6F27eB87148522eb5cB0D2b19f2E27CeB4D0964d

BTC: 1xF8jqpnorL8FdxJuxLJvyrN6Zda3fUJs
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.