TD indicator 4h giving a 9 and the 1h on a 9 as well. 2 reversal signals. And we already hit the target box of this up wave as well so another reversal signal.
A perfect retrace would be to the .5 fib which would coincide with the 50 ema as well on the 4h chart, that would be around $14150. You can also see how after breakout out from the blue resistance line we had a good strong rally going up. After that our next stop should be around 17k. The orange line at $17171 is on of the previous ATH marks
Note
i just noticed the spike to 15,5k on finex didnt happen op stamp and bitmex, the spike was caused by a single buy it looks like. so i would actually prefer to draw the fib trace from the top where you see the TD 8. that would put the .5 fib retrace a tiny bit lower at about $14100. Small difference but worth mentioning.Note
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.