Resistance turns support. Opportunity for long trade
Timeline: sep 1 ETHUSD is pumping from 3400 sep 3 ETHUSD hits 4k and stalls sep 5 BTCUSD picks up the pace while ETHUSD still moves sideways sep 7 BTCUSD and ETHUSD rolls over to the downside and flash crashes to 43k and 3k respectively. sep 8 BTCUSD retests 45k as support and moves sideways until today. ETHUSD retests 3.2k and moves sideways during this period...
DISCLAIMER: THIS IS THE SAME IDEA AS I POSTED EARLIER TODAY, HOWEVER CONSIDERING US DOLLAR INFLATION. PRICE VALUES ON THIS IDEA ARE RELATIVE AND SHOULD BE COMPLETELY DISREGARDED. ONLY THE SHAPE OF THE CANDLE MACROSCRUTCURE IS RELEVANT IN THIS IDEA, AND FOR LONG ENTRIES AND EXITS LOOK AT MY PREVIOUS IDEA. The bitcoin price could pump soon and bounce between the...
The bitcoin price could pump soon and bounce between the resistance and supports areas. Drawn on the chart is 1h/4h identified significant resistance and support lines. Purple boxes are strong resistance support, blue boxes are weaker resistance support. The proposed long positions have very tight stop losses, and very loose take profit, so the risk reward ratio...
ltc btc has broken out of the channel and shown a solid candle. this could indicate bullish movement to next resistance line
looks to me like eth is gonna keep going based on this elliot wave fractal possibly repeating
elliot wave on btcusdt suggest continuation of pump at target lines
im trying out elliot as i just recently learned the basics. it looks like it could go to the target blue line. as im newb, i might have made curtail mistakes. let me know in a comment if i have
with fib 0.618 for point number 2 and 0.382 for point number 4, the 5 point target could suggest target at the blue line
support resistance eyeballed. the right highlighted areas suggest a similar support resistance structure upcoming as left highlighted area. perhaps the price will mimic the fractal
the last time it was testing top channel as support (flag 1) it was rejected. lets see what happens this time (flag 2) when price is testing the same resistance after a big pump. support and resistance is based on new and old data (old only daily chart)
btc has again entered the channel. based on support and resistance levels from both new and old data, the price could be expected to bounce back and force into the channel. 30 min chart
the price has moved back into the channel on the 30 min. support and resistance is based on new and old data
The price of uni is moving up, and this could be an entry for a long. This could be one of those typical short duration dumps to shake out the longs with tight stop loses support and resistance i based on current and older data.
These are support resistance from both current and legacy data. The fib retracement is based on the all time high, and the bottom at around 3000