I understand this is crazy, but the trend is relatively still up. We hit lower demand zones and bounced quite well. We are currently in a demand zone and the way we came into it seems so panicky and fast, just maybe just maybe its one last trap before a real top ? too soon to tell. If it breaks and rejects the green box then all this doesnt matter. Good luck all
last week we remained at this level before taking a nice expansion move down, so far I'm assuming the move is not over yet and 1 more leg down is in play, I have alot of interest in a reaction from 10500-10800 level. It would make sense to hit the long stops there now, fake breakout above the wedge into the liquidity box above, before a few months of cool down....
Hello again. As for ethusd i had an entry below 215 that got filled, it's looking decent as long as it remains within the green box in the chart. You have two areas to confirm bullish trend. A move above 230-235 and holding in that range before going into the 270 resistance would be perfect. There is a decent chance for a short-mid term ethusd rally as long as it...
The red box represents a resistance zone for LTCUSD, a close below the red line in the red box will trigger pull back for LTCUSD . The first area of interest is the blue line which could provide some support but ultimately the green box below is where the first sign of highest demand would be. In the opposite scenario which I thin is less likely, If LTCUSD closes...
Hey everyone, I'm just another trader like yourself trying to make the best out of what the markets reveal to me. Hopefully this is the beginning to a stream of posts, please like and follow if you find this useful. I entered a long on btc at around 9500 after charting this and i closed yesterday around upper 10400s due to the uncomfortable parabolic trend...