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Roflash

How to Spot a Reversal Pattern: A Short-Term ETHUSD TradeHey traders, are you ready for some action? 😎 The RO Flash indicator is flashing green, which means we could see some bullish momentum soon. We’re also nearing the end of a falling wedge pattern on the 1H chart, which is a classic reversal signal. I’m aiming for a 5% profit on this trade, because I like to keep it simple and realistic. 😉 This is the third time we’re bouncing off the 236 Fibonacci level on the 4H chart, and we’re still in a nice .272 retracement zone on the 12H chart. So, what do you think? Will ETH break out or break down? I’m betting on the former, because I’m feeling lucky today. 🍀
COINBASE:ETHUSDLong
by AnkerElite
ETHUSD: Bearish Scenario Based on Martyv TA Kit and RO FlashI'm getting back into market analysis, forgive me. So looks like ETHUSD wasn't able to hold onto the 236, and using the Martyv TA Kit I am able to see from a few different schools of measurement ( elliot waves coincide roughly with the 236 on the 45-min chart, and on the 30-min I do see a lovely indication from the RO Flash (Rocky Outcrop, check him out on YouTube and here for top-tier analysis resources). The RO flash on the 30-min would take us down to roughly the 786 on a retrace, so there's a tiny bit of confluence in the predictive sense there. Anywho, let's see what happens! Candles on the left, Heiken Ashi on the right... y'all gotta try this! Gives a lot of context. I'm going to try and put my thoughts into these ideas more often. I'm having trouble with journaling my trades and hoping this will open a door for me. Cheers!
COINBASE:ETHUSDShort
by AnkerElite