ETH has been avoiding my pullback plans again and again, by just going straight up :( I hope this one comes down to the buy zone, where I will be watching for a reversal pattern to go long. (been scalping longs so far, but waiting an nice pull back to put some real cheese out there ;)
The $10k price has been thrown around ever since 8k. I think it is quite plausible, given all of the positive fundamentals. I would prefer $13k, which would be the next Fib number (peaks at 1k, 2k, 3k, 5k, 8k so far). Must admit I am working on a roadmap to $13k early 2018, but for now $10k by Xmas seems highly plausible.
Followup to my previous plan: Now I am looking for an ABC retrace. ETH looks very bull, but am out of my long from above, looking for re-entry. The green ABC is highly bullish outlook, the red ABC is less optimistic but more desirable for higher continuation. I am not very confident yet in the ABC points, will need to see what happens around one of the A's.
This run up has been 50 fib retraces If the recent 50 retrace holds, (and BCH calms the down), I am hoping for start of Wave 5 to end at $450 or so.
My previous plan is not longer being considered, as LTC went higher than expected. So new entry position is $71.00, which is the level I will be watching.
Waiting for pullback, keeping an eye on two levels
Just a quick idea to throw out there and see if it plays out at all. Not at all confident of this, but wanting to see how it plays out after the Tether FUD
Just a quick guess as to next short term move
Overall VERY bullish. But if there is some FUD tonight, I can imagine a correction as per above.
Yesterday's consolidation at the top looks almost exactly the same as Today's. So copying that area, and adjusting proportions, the projection arrives at $8400 on Tuesday. BTC history may not repeat, but it rhymes a LOT, lets see if it feels poetic over the next 24 hours.
Possible BTC pennant forming, may project another $400 on new money Monday?
Closed my longs thus far. Looking to renter in the 7850-7900 range Will look to TP at $8300 or so
Following up to my previous ETH ideas. This one after nice climb and then serious retrace (786 fib of the spike). Look to tp around $370
In ETH long per my last trade idea for ETH. Trailing stops now, but wondering if I can hold out until $360 - ish.
Looking to catch a long around $112.00, depending on risk sentiment at that time. Risk-off recently, so it should come down to 112, question whether it will show a reversal pattern there.
I did take a small long at $328 as per previous plan. Closed that small profit. But looking for next two levels for more gains.
Looking for ETH to dip into 325-327 for next possible long position.