Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
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I'm totally calm. Why? Cuz I expected to lose when I took the position (my original stop loss). Now I'm trailing from a no-loss position. The objective is not to win a single trade. In any event if I'm stopped out at my trailing stop, I will have won more than I would have lost.
We agree in the direction. At the moment, I would expect a rising double wave structure.