Price can possibly act on the showed order blocks. Wait for other confluences before placing positions
Price will probably move on significant order blocks
Volume is not yet enough, but I still placed a trade because the price had already bounced in the demand zone. The Divergence and the pattern are also considered before entering a position.
I think the price will go down until the demand zone is reached. It is far from the central demand zone, so it is safe to wait for the trendline to break out, but I am going Long Partially at 0.618 Fibonacci Retracement. I also noticed the Bullish Divergence formed using the MACD indicator.
The trendline is already broken, and I think retest also happened. A short position is safer when the price breaks the neckline.
All Fibonacci retracements and extensions satisfy the Cypher pattern, and I am going short after the upcoming price has surpassed the break-out line. We should also be careful as BTC is still consolidating now, which may affect this pair after substantial price movements. That is also why I recommend that everyone implement trailing stop loss. If CD retrace to...
I set the limit order above the neckline and will set the stop loss at 0.236 Fibonacci level. I will use the Parabolic Sar for trailing stop loss or just put the take profit order on the 0.618 Fibonacci level.
I set 2 limit orders for this pair and wait for which one will be executed. If the buyers are preparing for market reversal, accumulation will happen, and that is the opportunity to hunt and ride the ups and down of the market. I am also looking for different methods that may support my theory.
After a bull run, we are expecting an upcoming reversal. We just have to acquire the minimum confluences before getting into a position.
If the support and resistance level is correct, CELR is currently in the consolidation phase, so I am waiting for break-outs. The safest entry price is at the 0.382 Fibonacci level, but I set it slightly lower as two break-out lines are present. If the price goes down, I will place an order above the demand zone.
If the current price bounces on the trend line and revisits the supply zone for the third time, short trades will work until it reaches the take profit price, which is based on the Fibonacci retracement
If I got the correct demand area, this pattern might work. Since the current trend took too long before the reversal, I prefer to enter a trade when the price breaks the two break-out lines. I am also waiting for a reversal candlestick pattern in 1 Hour timeframe.
Anti-Shark and Deep Crab pattern that indicates strong reversal.