QFL Potential Trade Opportunity - 2.7.2018 - ETHUSD - Analysis
Disclaimer: This is not advice, this is just information that can be consumed and used however you may wish - but it is not advice or guidance.
Hi all,
In preparation for another potential drop in price, I am writing a post on a potential trade opportunity with ETHUSD.
Potential Profit based on (similar figures in post):
- 25%
Results:
- Data collection is complete.
- Analysis is complete.
- Trade is in the planning/preparations phase.
- Alerts are set at 7% and 10% below the base and also at each of you buy orders (so you know to set your sell orders!)
- You can set your buy orders now or wait until your alerts go off.
Chart:
- Base: 718.32
Previous data (analyzing the chart) shows me:
- ~23% Median Crack
- ~37% Median Bounce
Buy orders:
I am going to be slightly less specific on providing exact buy orders but I will provide ranges and say a few general statements:
Tips:
- Make sure you layer in
- I typically recommend buying during a panic sale - at least 10% below the base
- Go in size closer to the median crack (increase buy order amount)
Approximate Buy Ranges:
- 1ST BUY LAYER: Around $645 USD (20% of stack)
- 2ND BUY LAYER: Around $610 USD (30% of stack)
- 3RD BUY LAYER: Around $570 USD (50% of stack)
Sell Orders:
I am going to be slightly less specific on providing exact sell orders but I will provide ranges and say a few general statements:
Tips:
- Try to sell/participate in every bounce (you can sell 30% of whatever you choose to sell - some people sell their lowest buy order layer, others will sell 30% of the entire stack that was purchased below that bounce)
- If you plan on holding them then anywhere you sell for profit is good
- Also, I wanted to reference the "Last Cracked Base" principle which is good to know about when trading below such a massive base especially in a bear market. The post describes it well but I will give it a shot. Basically, if the crack exceeds the average typical crack, then you want to try and sell on the next bounce close to where the closest base was cracked. I am going to steal a screenshot from the post (I will give credit though):
- As you can see, the price did not return back to the base and kept going down, but he was able to sell/predict that the first bounce would go up to the lowest most recent base-crack. This is a good way to get out of a trade that is "getting away from you"
- The post describing this principle is here: https://quickfingers.io/threads/the-last-cracked-base-principle.246/
Approximate Sell Ranges:
- 1ST SELL LAYER: Around $630 USD (20% of stack)
- 2ND SELL LAYER: Around $710 USD (30% of stack)
- 3RD SELL LAYER: Around $790 USD (50% of stack)