Pretty good possible Gartley pattern on EURCHF. We are currently attempting to hold resistance. Two possible targets present themselves. The first is provided to us by the Gartley in confluence with the -.236 fib extension. The second target is prior resistance. Happy Trading.
Just recently started applying harmonic patterns to my utilized skillset, couldn't ignore this glaring possible butterfly in BTCUSD. if we breakout of the current triangle we may prices as high as 14k before a major retracement. Lets hope for the best, but manage our risk along the journey.
Wait for elliot wave completion before going long
If ETH rejects from its current levels, which in my opinion is high in probability as it heavy historical and fibonacci resistance, we could see price fall to support before testing $260 again. Should price break above in a second test, we would have a confirmed cup and handle with substantial upside. I am currently shorting ETH as a result of this resistance,...
Right before I went to bed last night I couldn't help but notice a smaller falling wedge had formed inside the larger wedge I had been tracking. This fractal presented a must take entry. As you can see LTC is currently doing about 15% on the day after breaking out. This could keep riding provided BTCs bull run continues. Possible exits are based on trendline...
Falling wedge on ADABTC has found support on some pretty strong historical resistance. If you did not buy then, buying opportunity presents at breakout of falling wedge.
Breakout to the upside presents long entry at retest.
Just a simple potential roadmap for LTC/BTC. We are currently attempting to hold support at some pretty historically relevant levels. Nothing special here gals, simple fib pivot pulls, historical resistance, and trend lines. LTC ought to find and hold some support at current level at 50 retracement. but this may be temporary, setting up for an ABC correction...
The bear is still alive, be careful.
While bitcoin stalls the bigger alts are seeing movement. ADA is lagging behind but if we have breakout of triangle we could see some big price action provided bitcoin behaves itself. First trade is already in progress. My plan provided the market geometry still makes the trade viable is to switch short at my target as it is pretty heavy resistance, then switch...
Already in a short position in BCH since top, RSI divergence was plain as day. wait for retrace for possible long 3 wave with tight stop under the .65. Everybody eats.
ADA BTC LONG. Price has broken out of triangle, however breakout lacking Volume confirmation plus RSI showing bearish divergence on multiple time frames. PREDICTION: Price will pull back in the short term and allow us an entry when it completes wave 2. Buy in here with tight 2-3% stop loss. Hold for lambo.
Heres my macro and micro on a short term for bitcoin
BCH has had a ridiculous Bullrun, have we topped? who knows, but if we have we can short the 2-3 down with a tight stop loss on the other side of the .618 retracement of this first push down. Let's see what the market decides.
Looking to pinpoint the pivot on this BCH move, not the prettiest count, lets see how it plays out.
Bitcoin final pivot point at 7200, if not bearish till 3500