I used a combination of Williams R%(72) and a Simple moving average fo 100 periods, to signal my entry in this trades.
Now it's that time, the one that separates the men from the boys. This system has a high win ratio, but it is not always straight forward, pullbacks are a usuall thing in the first movement, in 80% of the trades. The risk is that sometimes, it will give you the contrary signal, and it's time to get out. Right now nothing I can do, this is where the term HODL applies.
Here we can see a normal pullback to the 21 simple moving average(middle band). It is normal for the price to go up and touch the 20k region one more time at least, even break it. The risk is when this doesn't happen, and there isnt enough bullish force, it will crash [HARD]. My get out point, will be when the price crosses the blues line downwards (SMA100) and the Williams R% crosses below the -50 line. Both at same time, not just one.
This will make hair grow on your chest...even if you are a chick. 😂
Same movement here, not as scary as Bitcoin thou.
Nothing to see here, Ethereum behaving really good, this is how 20% of trades trough this setup go. Pullbacks to the SMA100 are normal, after the breakout, and sometimes even lower. This entry was straight forward. Eather way it's all about who has the stronger hands.
Not shitting myself yet. Maybe just peed a bit. 😂
What's worrying me here is this resistances. Not matter what happens I will act according the setup, thats the only way to keep consistence and make a profit in the long run.
The breakout candles were strong, so we should be fine.
I'm glad I didn't got in, in this one. This is a sell, althou one could wait for the break of the low, of that candle closing below the sma100 (blue line). Doesn't mean the price will inevitably go down, sometimes it does, other times, it gives a bunch of wrong signals, sell, buy, sell(price going sideways). It can be a bit of "chasing the market", but then once it goes in one direction you can recover all the fees you spent.
Looking forward to those strong big green candles! 😂
Cya 😎