We are touching resistance + a fib in a monthly downtrend. After seeing a healthy retracement we can look for shorts IF and ONLY if we see the 4H and fialy structure give us a green light. TP 1 will be the prev low structure and TP 2 would be the extension.
Hey guys, we broke eth ascending wedge pattern in addition to respecting resistance at the TP zone while breaking the 4H support zones as well. Now we wait to go towards our entry! LET GOOO!! New crypto guys need to hear this... corrections are normal... If you are freaking out over drawdowns or loss of profits it's likely you are risking too much, homies GOOD...
We are testing the support zone of the 78% fib & the daily structural zone. Shooting for our 127% extension target, although expect resistance at prev ATH. RR - 1:6
Assuming the resistance is respected we will see a drop towards our overall target (long) since we did break the trendline for the upside. However, iif the price is not respecting the 88% zone we will wait till we touch the major structure and 61% fib. WE WILL WAIT FOR CONFIRMATIONS NOW! RR - 1:2.5
We are testing the 38% fib + monthly structure. Assuming we respect it we can see a fall towards the next support zone (highlighed) and possibly our target upon evaluations. Otherwise, we could see a breakout towards the next 61% + monthly structural zone. RR - 1:4
We are waiting for a 4H confirmation with BTC as we breakthrough a 4H trendline. Target is our monthly target of 361% extention. However, look for potential resistance on the daily fib extension which coincided with the daily TL (not confirmed). RR - 1:78.
With the continued bullish momentum we could see a 100k touch sooner than expected. However, the 100k mark also coincides with a long-term trendline and the 361% fib of the monthly leg. Historically, when the chart touched this trendline we see a long-term "bear" corrective season transition. Based on the charts momentum we could see the target reached in 3-5...
Here is some hopeful news for all my diamond-hand doge HODLers. We are looking at touching the 61% and daily structural support. if we get confirmations and environment confirmation we should see a nice jump to the prev ATH and even the 127% extension target. RR - 1:4.2
Short Term - We are approaching the 88% fib zone + monthly structure. If rejected this could fall to the 61% fib zone + monthly structre as our TP. RR - 1:278 Mid Term - Assuming that the short-term setup is valid and is correct the 61% fib zone will be tested as support bouncing to the monthly TL and structure. RR - 1:2.70 Long Term - Assuming that both...
We already are active in our trade but you may have an opportunity to come in again on the 0.90 zones. However, if you took the trade as well wait for 4H structure to show you an opportunity to move the stop loss back to break even. RR - 1:2.8
We hit a take profit near the 1.20 zone but now we are looking for a slight retracement prior to entering the new long position. We are already in a bullish environment contextually in the 4H market. So we need to just wait for a new entry closer to the 1.20 zone. RR - 1:3.62
If we can reject the structure of the 0.9850 zones as resistance then look for shorts (on the 4h environment and daily close). Be careful as the TL breakout usually results in a good run to the upside. Proper risk and confirmations. GOOD LUCK! RR 1:3.75
We must wait for a rejection confirmation prior to entering the trade. Otherwise, we will move up to the 78% structure. Preferably daily close with 4H environment confirmation. RR - 1:3.2
We already rejected the structure now we will wait for the price to pull back to our entry. RR - 1:3.1
we are still treating the 78%, TL, and monthly structure as resistance. Looking to get confirmations in the next few hours
We hit our entry with USDCAD and if you missed it do not worry. Our actual goal was to short the long term. The current trade was a short term trade. Right now we are having market indecision and waiting for a push towards our target (if possible).
We are looking at an over bought and exhausted GBPUSD touching the 78% of the monthly in addition to structure and hammer candles. Wait for confirmation on the break of structure (4H).