Well, the Market has cooperated and I am now satisfied that this area is good Support and we are now seeing signs. As a result, I am now ready to place my trade.
I have given you 3 Targets:
T1 $395 R:R 2:1
T2 $440 R:R 3.07:1
T3 $505 R:R 4.08:1
A critical , that needs to be broken is $350-$355, in order for this trade to fulfil our 3 target levels, and as you know, I have shown you Support around $260-$265, to give you a balanced perspective.
Now, I do have higher targets in Ethereum , based on my publicly posted BIgger Picture Analysis, one month ago on 22Oct 17, but we will for now just look at this daily chart:
You now have all the information you need to acquire a Long position in Ethereum and potentially make money $$$.
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
I have traded Futures and Forex for many years.
Often there is coupling present example:
Fi=utures eMini S&p falls Bonds rise
Forex: USD falls AUD or GBP or EUR rises
However, there are also times when there is decoupling when they both go in the same direction. Now, these are more mature Markets in that there are a larger number of participants trading.
As Cryptos is so infinitely small, at present, yes this coupling effect is more pronounced as there are comparatively fewer participants with a restricted amount of money flowing in the Crypto Market.
Crypto Markets are exploding and as more participants come in and fresh money comes in, they will experience the same coupling and decoupling as the Mature Forex and Futures Markets.
So the bottom line is don't have a fixed view.
If anyone wants to stay in touch with Sean
go to his profile link and register on his website