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Ethereum on Daily Support - It's Not Whether You're Right or Wrong...

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forexbrokr.
@forexbrokr
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Direct from the desk of Dane Williams.



Hey team,

Thanks for supporting the community with those Quora upvotes yesterday.

If you have a Quora account and haven't done so, please upvote the following 3 answers to help LeoFinance display when people search for alternatives to our competitors:

  1. LeoFinance as an alternative to Yahoo Finance

  2. LeoFinance as an alternative to The Motley Fool

  3. LeoFinance as an alternative to Seeking Alpha

Any LeoFinance promotion that we can entrench outside of the Hive echo chamber, will only be helpful long term.

Ethereum Analysis

As Bitcoin has continued to hold the 20K resistance and the overall market has stuttered as a result, our aggressive ETH/USD long frustratingly went nowhere.

You can see on the following Ethereum daily chart that our higher time frame zone continues to hold...

ETH/USD Daily:

...but if you were playing for short term momentum and had an aggressive stop like me, then we're out for now.

One of the frustrating thing about day trading is that you can be right but still not make money.

Remember that George Soros quote?:

"It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong."

Exactly Georgie, you big weirdo.

Trading my strategy means that every loss is only 1 unit, while my winners are 3 or more.

Playing that long term, consistent game which isn't about being right, but about making big money when the market goes in my direction.

I'm off to spend some time with family, so I hope you enjoy the rest of your weekends too :)

Best of probabilities to you,

Dane.



FOREX BROKR | LeoFinance Blog Daily market analysis.

Posted Using LeoFinance Beta