Bitcoin is sceduled to be halved April 20th, 2024 which will continue to soar. For now, these levels provide the next bullish wave.
I would SELL now. Just a simple trend continuation setup.
FED Rate tomorrow could spark the volatility I need to long. They almost always happen in areas that are overextended from the structure (white lines). You can't have the next big move without the liquidity.
Overall Daily trend is upside. I'm looking to scalp shorts and swing long.
If you're like me, always looking for sell (or buy) traps, this would make a great contrarian trade. These normally become fast and aggressive after a false move. I've set profit target at monthly pivot resistance level (pivot R not shown). I would get in now to minimize drawdown. KISS...more on this later. This has helped me trade tremendously.
Best to let the pullback finish and get long from the yellow box. From there, a good position coming off trendline resistance now support, and coinciding with monthly pivot support and Fibonacci.
Another chance to BUY this pair taking advantage of market top cues outlined in white box. I have already begun to BUY and will average down if initial position fails into second Fibonacci .382 long position
I would SELL now. Beginning of March sets the tone for the rest of the month into bullish continuation.
Wait for fresh lows at .886 Fibonacci. Buy from there.
Trend continues for the next few days. Get in early, BUY now.
EU at triple structural challenges. Target projected .707 Fibonacci.
Triple structural challenges for GA. Look for 1hr.-4hr. trend breakout for entry. Target projected .707 Fibonacci (omitted for clarity).
Look for 1h-4hour trend breakout (or flat top) to take the trade. Target projected .618 Fibonacci (omitted for clarity).
Double structural challenges for EU this week. Be objective. Wait for a 1 hr. channel breakout. Target to projected .618 Fibonacci (omitted for clarity).
Short term position. GN has topped on the weekly and there is visual price action indication already showing signs of imminent selloff on the daily timeframe. Find your 1hour trendline (future tense) breakout after 1 more rally to .618 Fibonacci. I am willing to bet the highest rally point is .707 Fibonacci at which point we can begin anticipating the 1 hour breakout.
Bitcoin WARNING! Top reached, at least for now! Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr....