Posted like 10 minutes too late but oh well, I had the order in and that's all that matters haha. I like these entries at the EQ of the OB. Could've made the SL tighter but wanted to give it a little more space.
I am looking for a bounce between 755-765 right at the golden pocket and previous resistance.
I love the confluence here so much. A long position between 201-204 will be such a nice play in my opinion. We are currently testing the top of the range but I expect that to break and then we will test the median line.
Drew this a couple days ago but forgot to post it. The big play here will be the long from ~202 all the way to 250 (hopefully). I could see us getting shot down at 230, but that's something to worry about when the time comes. A short from 250 would also be a pretty killer trade.
Lots of hype building around this coin. Here are some possible targets.
Put your entry where someone else's stop loss is. This is where I will be looking to short if $BCH pushes up again. Everyone thinks we will get rejected at 0.1 and so it only makes sense that we wick through it to get liquidity for the move down.
Daily time frame SR flip on GVT. If this holds, I think this will bounce high for some really nice gains.
I really like the confluence at ~207 for a long entry. If we get a retrace there I would take a chance on a long. Golden pocket + previous range high should hold.
There has been a ton of relevant action at that median line and so I think a retest of it isn't out of the question. It is possible that we bounce before that, but I would be very comfortable using a large amount of capital on this play. Really nice RR and also a pretty tight stop loss.
I've been waiting a long time for this trade and it is finally in the right spot. Textbook SR flip here on BCH. It could push a little bit higher to around 770 but my stop loss will be above that.
Due to all the bearish divergence on multiple time frames and wicks to the upside, I think that ETH will fall from here. I'm targeting a 2% drop or so to 196. It could also be in a rising wedge; doesn't fit perfectly but it looks pretty good. From an Elliott Wave perspective, I think we could have just completed an ABC correction.