ETH/BTC - Touching the bottom, good entry
Hey everyone, its been a while. I do hope everyone is doing superb with bitcoin hitting the $10,000 USD mark/resistance. In my books, I consider the bull run confirmed if a candle closes above 10k on the weekly. Anyways, I will be posting multiple trades I am personally entering on trading view. So to all my followers enjoy the free signals but please do remember enter at your own risk as this is not financial advice. Stay tuned for updates.
Exchange : Binance | Altcoin Trading
Trading Pair : ETH/BTC
Position : Long
Leverage : N/A
Approx Risking: 7%
Approx Reward: 28%
Risk/Reward: 3.99
STOP LOSS: 100% @ 0.024568
Approx Entry AVG: 0.026424
Entry 1: 1x @ 0.028952
Entry 2: 2x @ 0.028122
Entry 3: 6x @ 0.026802
Entry 4: 18x @ 0.025678
Approx Exit AVG: 0.033829
Exit 1: 25% @ 0.031322
Exit 2: 25% @ 0.032446
Exit 3: 25% @ 0.034401
Exit 4: 25% @ 0.036649
Reasons to enter (Prioritized from most to less important):
1. Bitcoin is surging Ethereum is bullish but still undervalued
2. Descending Triangle
3. Staggering all the way to the next level of support
4. Support should hold until end of triangle
5. we are reaching the bottom of the market
6. Will be over sold on the daily RSI