ETH/BTC growth top
ETH/BTC growth is near it’s technical top and should pull back in the next 1-3 days. Trend channel set to SMA21 at R2, piRsi close to 100, FibVip at top of average range. For now, here’s the current 1 day chart levels:
SMA233 = .07198
SMA377 = .06638
breakout = .08071
R3 = .07793
R2 = .07515
R1 = .07236
pivot = .06958
S1 = .06680
S2 = ..06401
S3 = .06123
breakdown = .05845
Some strategies:
Scalping
Day trade
Swing trade
Investor
Hodler
Some strategies:
Limit bracket orders buy support levels.
Limit bracket orders sell resistance levels.
DCA buy market order fractions on dip.
DPA sell market order fractions on rip.
Hedge capital allocation with pairs, stable coin, alts, sidelines or weight.
Time based dca averaging.
Time based HODL holding.
Momentum based capital deployment.
Leveraged margin long and/or short.
Alert notification trading on price or volume indicator levels.
Staking for yield.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends…
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst’s motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP – volume
Fibonacci MA7 – price
pi RSI – trend momentum
TTC – trend channel
AlertiT – notification
tickerTracker – MFI Oscillator
https://www.tradingview.com/u/growerik/#published-scripts

