Ian_Carsen

Ian_Carsen

If you notice the prior history of the liquidation events, as we just experienced, usually a larger move in the opposite direction occurs, sometimes after a smaller reaction and correction. You will notice that downside momentum seems to be slowing, indicators are diverging, there is no strong resistance until the indicated lvls. To be fair, there's not much...

Ian_Carsen

LQTY is coming down to longer-term targets, given 12hr was held at the very top, a 12hr UR within monthly range is a good target! It may hit the lower red line, if you want to be safer this is the better entry, and will give a better risk:reward and trade management possibilities.

Ian_Carsen

EW means Elliott Wave, and Elliott wave is very cool, not ewww... Or at least that has been my findings studying it for a couple months now. The ethereum chart is very clear, with two impulse waves separated by first of running flat, and then a traditional flat corrective phase. We have just completed the traditional flat corrective phase. EW provides a way to...

Ian_Carsen

This may sound absolutely crazy given what's currently happening in the market: if you look at my previous Bitcoin overall, you'd see that I is essentially predicted a move up, then I move down, but I didn't really know what scale the moves would be. It turns out, the scale of both that up move and down move were significantly larger than I was thinking, hitting...

Ian_Carsen

Should be hit pretty soon, stop and target are conservative

Ian_Carsen

Unfortunately, that 'little retracement' I mentioned last Bitcoin Overall turned out to be a bit larger, testing the higher of the indicated supports. Thus, there is reason to believe the corrective phase will last longer and may even cut deeper than I expected. I believe this means we are likely to head lower again before moving higher. How low...I don't know...

Ian_Carsen

Just a trade! As indicated, price may bounce from one of the upper red levels. If it dose with some vigor, and new trade should be constituted, or a new issue selected.

Ian_Carsen

This trade, as shown, should be safe--at least an exit in profit should be eventually provided even if it does not hit my target. However, changing the stop and entry among the various levels, a trade with a different risk profile could be created.

Ian_Carsen

Bonk should come and properly test the weekly level. Going further down is always possible, stop cold be lengthened and target raised. From somewhere down here there should be a bigger move up.

Ian_Carsen

If Pepe gets down to these levels should be a good trade

Ian_Carsen

Given the broken trendline, consolidation above a high level, it appears to me the market is making a base essentially before another impulse up. Pretty simple really. If price does break down (less likely), this would not be good as there's the possibility of making big-time resistances on the top. So in this case we would have to re-evaulate given the state of...

Ian_Carsen

ZRO looks to be a long-term trade from these levels, with a first "stab" at it so to speak as indicated. It may hold the current level and move up from there.

Ian_Carsen

Saga held Polarity, and is laddering long-term. The recent higher high suggests once a local bottom is found--coupled with the lack of strong resistance on the top--a new local high can be achieved. Target 1 should be a fairly safe exit in light of this possibility.

Ian_Carsen

Bitcoin failed to quickly make an all-time high, I suggested a consolidation of around a day was reasonable but much more than that would result in a deeper correction before breaching the all-time high. If there's a significant retracement to the upside from these levels, I would expect the first buying zone to hold, if this currently is the extent of the...

Ian_Carsen

I expect a short consolidation b4 new ATH (1 day or so) if we are going to new ATH and beyond. Lower liklihood IMHO that ATH range leads to rejection to 7XK, however it is possible. Price action around this resistance will be informative. I think price action will reveal this to us by a prolonged struggle at the current resistance if that is likely to be the...

Ian_Carsen

Banana may have already found its low, so this is a lower probability trade in terms of getting filled. However, if it does get filled it should be pretty good.

Ian_Carsen

A natural progression from my recent BTC Overall report!

Ian_Carsen

As suspected in my previous post, price made a new local low, though not quite to the extent I anticipated: This low is noteworthy because it represented a loss of important support, but then immediately reversed and climbed above it again. This kind of reversal often signals important points in the market, and at the very least, this support is now strong as...