We have the trendline of our trend channel acting as a resistance area. furthermore we have the 1.618 fib level and the Pivot Points giving us extra confirmation!
we have the powerful 0.618 fib ratio in combination with the 100 EMA giving us a great shorting opportunity and a even better risk/reward ratio furthermore we have the powerful structure level!
great setup for a short try... strong resistance through the trendline and the 0.618 fib ratio
We have another valid short setup.. this time mit even more confirmation through the weekly pivot point resistance level
market struggles to push through the 1.618 fib level so we can see a pullback now
We have a distinct Bullish Butterfly Pattern giving us an opportunity to stay long with the market till it hits the trendline
very distinct bearish bat Pattern in combination with PR1-D
Many say that the market for Crypto's is dead right now! And that is absolutely true. But ETH has a beautiful structure based long signal. Thats the reason why i went long! For the defensive traders, wait till the market broke through the trendline! I do not know how far the market is able to go! But it is also possible that market will make another all-time high!
lets try this countertrend trade... market should make a reversal to the 0.618 right now
We have a great and distinct spike into the 0.50 fib level (B point) from X to A giving us a distinct bat Pattern!
Sorry for the bad audio, but my mic f***ed up... If you have still any questions pls write it in the comments
very precise bearish harmonic pattern! pls wait if the market respects the pattern!
We have a clear short entry with trendline confirmation!
We have clear confirmation through the trendline crossover!
Nice Pullback to the 200 EMA gives us enough support for our short try!
Market hit the upper trendline and did a clean pull back. But depending on the fact that the trendline which the market hit is on the D timeframe, we can expect the market do do another bigger move to the downside befor continuing with its overwhelming uptrend on higher timeframes!
We have a very distinct harmonic Pattern in combination with this continuation setup giving us an excellent entry opportunity