2 main reason to long ARB - Broken Trendline on H1 - On higher timeframe, Swing Failure detected on previous low to liquidate buyers
Longing SOL in the previous cycle's high (55-70$ area) with the target retracement of around $180-$190. We can see that previous cycle also bounce from the high of its earlier cycle. Sign of bounce is also detected in the aforementioned buy area.
Wyckoff Accumulation Pattern #2 has been detected in SOL. Now is expected at the Phase D LPS towards SOS. Moreover, SOL has broken the triangle pattern to the upside which indicates a bullish scenario. In shorter timeframe SOL also made higher highs, indicating bullish structure. Long SOLUSDT now with great RR ratio. Partial profit-taking is a good option.
LTCUSDT had a decent bounce at $100 (also psychological & multiple support levels). Previously created a double bottom reversal sign, and also higher timeframe double bottom. Longing LTC long term with SL $80 and final target $350 (massive RR ratio). Partial profit taking is recomended.
BTCUSDT has shown a strong bounce in 61.8 fibonnaci level. This might also indicate that correction wave B is already in. Thus it is probable that BTCUSDT now is on the way to wave C. Final target at 51k, partial profit target at 41k and 45k. SL below 61.8 fibonnaci indicating that my elliot wave theory is invalid. Additional Point: Retail sentiment now is...
BTCUSDT has previously been strongly rejected at golden fib ratio (61.8). It also made a swing failure pattern on daily. Retest has been successful on 44k resistance area. Short Signal towards 39k-40k as the target.
BTCUSDT has made a swing failure pattern at 39k. This is also a psychological level that interest big institutions. Re-enter long on BTCUSDT with 1st target of 52k (which was previous a big resistance)
BTC has made a nice 61.8 fibonnaci correction, and even made a liquidity grab at 41.400. I believe this will be a local bottom for BTC. Targeting around 46k (1st TP) and 51k (2nd TP)
XAUUSD has bounced perfectly at 61.8 fibonnaci ratio. It also created a nice swing failure pattern from previous lows. Opporunity to long gold with the first target of 1812
QNT bounced at its major support zone. Golden fibonacci also at around 165. Reversal is expected. Looking for long opportunity with the 1st target of ATH.
AVAX in opinion is creating its right inverse H&S. Looking for potential buy. Buy 1 @109, and Buy 2 @101 with target of 125 on Neckline.
BTCUSDT previously has broken the major resistance trendline and is now trading at 61.8 fibonnaci. I believe the major resistance trendline will now act as a major support trendline. Longing now with 1st target 50k and 2nd target 56k
BTC is currently trading at a crucial descending channel. We can see that previous upper-descending channels were nicely respected. Moreover, BTC candle has not been closed above the previous low. Fakeout / Swing failure pattern expected. We can expect more down / correction with a target of 47,200.
LUNA approached 1.618, sign of weakness spotted. Might be an opportunity to short around $93 SL at $96 TP at around $82
AVAX got rejected on neckline. Possible forming H&S. Short with target of around $108
BTC hits golden 61.8 fibonnaci yesterday. Aiming for any double bottom / swing failure pattern to long up to the BTC resistance level.
Ascending Channel on MATIC had been nicely respected. MATIC created fake breakout on upper trending channel before dumping hard. Would like to test the reaction on lower trending channel. Opportunity to open long ONLY if there is a bounce and retest on the channel. Fundamentally, I also believe that MATIC would be very promising as it has become backbone in big...
Long HNT with long-term target at $100 retest of previous strong support (previously resistance) Very bullish structure, correction might be over.