ETH Roadmap

$eth might be my favorite coin in terms of trading, and current bullish bias I have right now - I will explain why I am bullish- forcing me to trade with size. Now this is what everyone called edge. In terms of macro perspective, $gold and $silver made a huge rally in the last couple of months. There are interesting macro events on that side such as backwardation of silver futures, lack of physical emtia and PBoC gold accumulation, which I will not be mentioning in this post, affects the crypto market. Despite the common perception of $btc as a “digital gold” the two assets have actually shown a mostly negative correlation in recent months. So I expect when the $gold and $silver prices start to accumulate, that's the moment when crypto markets, especially $eth or $sol, arise and that time is not so far. Also from a sentiment perspective, the massive liquidations and resulting price distortions created significant market inefficiencies, causing many traders to lose substantial amounts of money in an unnatural way, especially the ones in Binance. This kind of liquidation has not been seen from 2020, maybe even bigger than Covid wick, and to me, it feels like one of those rare moments that could quietly mark the beginning of something much stronger in crypto.

Finally, from a price-action perspective, there are clear liquidity levels marked in blue above the current price. It’s a familiar pattern I’ve seen many times before — these kinds of highs often act like a magnet, drawing price toward them. When that happens, price usually moves through those levels quickly and with momentum.

-> (https://www.tradingview.com/x/cITFT83l/)

These three paragraphs were an explanation of why I have a long bias on $eth. Now what I am going to do?

To be honest, I already took a position from the green line below, at 3820s, yes I am hell of a trader for sure, and will try to hold positions until 5100s. (Would hold same size sure)

Now my plan besides my initial position is to increase the size and get the maximum reward. Lets say I took 1.5 units of $eth from 3820s, now I will take 1 unit from WO (3980s) - I distribute the orders below and above the level by using scaled order and if things go wrong will stop the position at the last low 3930s.

If $eth rises to 4150s and fails to hold the blue box, I will stop my position. However if it reclaims and holds above 4150s, I will add 0.5 unit to my position. (Maybe it can get a bearish reaction from 4150s) Basically these are the current ideas I have for now, for the lower or higher levels I also have a plan but no need to mention for now.

I will try to update this post regularly as the setup evolves.