ETH price chart analysis on the Weekly time frame 2015-Current.
In line with my "Keep it simple stupid" philosophy, my trend analysis shows that when the 13 SMA crosses the 48 SMA , it is a notable occurrence, possibly indicating a change in trend upcoming. My buy or sell decision occurs when the red 48 SMA turns down (Bear) or up (Bull). This simple strategy shows me possible % gains if playing various long or short market equity instruments and entering/exiting the trade at or near these occurrences. Included is the 200 SMA line.
My method of trading this ticker would be to long or short 100% of my position at the 13/48 SMA crosses (with 48 pivoting up or down). This helps my probability of success and risk factor. Using this method, after 4 trades long and short, I could've possibly made approx. 36X gain on the upside since 2017, and an additional approx. 50% gain on the short side up until 2020. Then in long for a 10X gain until May 2022 or so. Currently I'm waiting for a new cross up to go long.
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic, RSI , SAR to assist my decision making but the trend based idea keeps me grounded in the trade.
I generally use Heikin-Ashi candles for simplicity/clarity and also remove the wicks.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
In line with my "Keep it simple stupid" philosophy, my trend analysis shows that when the 13 SMA crosses the 48 SMA , it is a notable occurrence, possibly indicating a change in trend upcoming. My buy or sell decision occurs when the red 48 SMA turns down (Bear) or up (Bull). This simple strategy shows me possible % gains if playing various long or short market equity instruments and entering/exiting the trade at or near these occurrences. Included is the 200 SMA line.
My method of trading this ticker would be to long or short 100% of my position at the 13/48 SMA crosses (with 48 pivoting up or down). This helps my probability of success and risk factor. Using this method, after 4 trades long and short, I could've possibly made approx. 36X gain on the upside since 2017, and an additional approx. 50% gain on the short side up until 2020. Then in long for a 10X gain until May 2022 or so. Currently I'm waiting for a new cross up to go long.
I could also add other indicators such as custom buy sell signals and or MACD , Stochastic, RSI , SAR to assist my decision making but the trend based idea keeps me grounded in the trade.
I generally use Heikin-Ashi candles for simplicity/clarity and also remove the wicks.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!