Dorsey On Ether (15% Rise In 1 Day)
Dorsey on Ether: 7/8/2019
This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!!
From Woody Dorsey: I have been watching the Cryptos all along. They are wonderful new market phenomena. Forget about the Big picture. Sure I can opine on that but their utility is that they are trading vehicles. There is a pattern specific to Ethereum which may now be employed. You can see below how far it has retraced and how oversold it became and that it is now turning up. This degree of decline has almost always been an entry area. What you don’t see but I study is the timing pattern which suggests a trading high in early August. That does not rely on any financial crisis or any big rally in Bitcoin. Of course it could infer either or both of those but it does not have to. So, Do not trouble yourself with any Rationales. Conclusion: Buy Ethereum for a swing trade for about a month. Limit prices are always best in this arena. A little goes a long way!
This was sent out to members yesterday. We are going to be diversifying our reports and adding certain sectors/etf instead of just covering the SPX. We did our first one yesterday and the timing was perfect, as etcg was trading at 21.10 when it was sent and hit a high of 23.70 or an 18% gain in 1 day. Not BAD!!
From Woody Dorsey: I have been watching the Cryptos all along. They are wonderful new market phenomena. Forget about the Big picture. Sure I can opine on that but their utility is that they are trading vehicles. There is a pattern specific to Ethereum which may now be employed. You can see below how far it has retraced and how oversold it became and that it is now turning up. This degree of decline has almost always been an entry area. What you don’t see but I study is the timing pattern which suggests a trading high in early August. That does not rely on any financial crisis or any big rally in Bitcoin. Of course it could infer either or both of those but it does not have to. So, Do not trouble yourself with any Rationales. Conclusion: Buy Ethereum for a swing trade for about a month. Limit prices are always best in this arena. A little goes a long way!
