Lows got taken out Liquidity grab all over the place H4 structure still intact (H4 low = pivot point) Target / SL as indicated 6:1 RR Trade safely!
IOST crossed EMA50 (green one) receently, and tried the EMA200 (red) 4 days ago then got rejected. That second try should be the good onee, I expect IOST to rallye up pretty soon. Volume should be higher today and for the next few days, 0.50 fib (red box) is the target on my side (around 0.0422). FIRST TARGET = 0.025 - 75% profits will be taken Ill take 100%...
As i posted for ETh, the current bearish pennant target for BTC would be 30200 (2.618 fib) IF (and only IF) the upper trendline doesnt hold. Entry would be below 618 fib TP 30200. Happy trading!
bearish pennant target as well as overall .786 fib level... we will see, trade safely :)
A close (at least 15min) below 1998 (.618 fib) could bring ETH to its current micro tf bearish pennant measured move at 1840, which also correspond to 2.618 fib extension. (sorry i realized that my 0 fib is a bit too low right now, 2.618 should bring us to 1840.) Trade safely, cheers
Rising wedge was formed in 15m a while ago. We're not at the 3rd touch of the bottom, which often means breakout. Target for this wedge would be .618 fib = 33900 ish (I would TP @ 34k to keep it safe). Now retesting the bottom of the wedge (channel). Trade safely!
If breakout over resistance, then we can aim for -618 fib (which is also the lenght from the latest dip lowest wick to the actual ATH). That would lead us to 51 000. If it does the opposite and exit below support, then anything is possible to 618fib retracement = 22 500. This is just for fun, not an financial advice by any means. Happy trading, be safe with...
Always waiting first for a breakout of the yellow zone, than a RETEST. Only then I may take position. Happy Trading! XD
Just a possibility among others... ;) Happy trading! XD
If BTC breaks actual support, my first target is the previous support of 31 300$ I'll wait for the breakout and retest before taking position: SL: 36 500 TP: 31 400 I have a second target, much lower, I will update this topic soon. Happy trading! XD
1st one = 1344$ (triangle height) - red vertical line 2nd one = 1440$ (uptrend lenght) - blue vertical line This isn't an advice, just sharing what I think might happen based on what I know so far. Have a great one! XD
Both -618 fib and uptrend length lead to 37 500$. I will wait for a brakout then a retest of the zone before taking position. Happy trading and all the best for this year! Cheers! XD
Bullish flag is done forming in 30m-h1 - when it breaks target = 775$ I'll wait to see if it retest support to confirm uptrend then I'll take position.
When ETH break out his current channel in m30: Monday high 658$ Happy trading!
If the second bottom close over the neckline = bullish. If it closes lower (as its right now) = bearish. still in building phase, things are getting interesting. If BTC drops, I aim for 618 fib (21 500) to buy the dip. If it goes up, then everything is possible. Happy trading (but be careful) XD
PLEASE BE CAREFUL HERE.... We are in uncharted territory, anything can happen at any times. Happy trading!
Next buying target: 21 050$ Happy trading! (and hodling) Cheers!