It's Black Friday...you want a killer deal on the best 4K TV for gaming: the 65-inch LG CX is now a colossal $600 off ($1,899 at Best Buy). No, you aren't in the market for a TV. Well, how about getting a killer deal on some cryptos. In particular, Ethereum, which is on sale right now, but after the next 24 hrs, it will no longer be on sale.
In this video, I do something I have never done before, predict the price action of Ethereum price in the future.
MY TRADING METHODOLOGY IN A NUTSHELL BELOW
I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.
I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:
Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
Daily Charts (entry time frame) – which represents being on the football field with the player.
4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.