Possible swing trade buy on bitcoin depending on reaction to the dotted lines I have. Top dotted line is a 71 daily fib entry level. 2nd dotted line is in the previous resistance zone. I’m waiting to see some type of exhaustion around that area or daily candle close above the zone to indicate buy.
This is my scenarios for a long term bullish setup! it is at a resistance right now, yes, I see that. So it would have to either break and retest the resistance trend line to take up. OR pull back down to the buy FIB levels that I have marked with alerts ! and I would look for price action to confirm bullish momentum at those areas. I have alerts set for both...
Short term sell possibility with Bitcoin. I just posted a swing trade buy idea on bitcoin. So this would be the pullback of the higher time frame analysis. IF price breaks below the support dotted line that I have marked. then I will sell to the trendline and IF breaks that, then I will be selling to the dotted line under that. Which is the higher time frame fib...
Both scenarios provided. if it respects trend line it will play the buy. if it breaks and retests under the trend line, then the sell is provided. This is a Daily chart so be patient, wait for confirmation.
SHORT ON CARDANO. based on it is at a resistance area and needs to pull back on high time frame.
Xrp broke 4 hour previous high and currently retesting for entrt opportunity. I have 2 fib enrty levels marked watching price action closely to determine which one it may respect. I believe it will go down to the bottom dotted line as that is the previous high to retest.
Yes price broke the counter trendline and is Currently retesting it, but thats isn't enough condirmation for me to jump in the buy yet. The previous 4 hour high i have marked would have to be broken and retested to take long to the 3 tps i have marked. 1st tp to be broken and retested to keep taking up to create new higher then ever highs!!! 💰🚀🚀
Looking to take advantage of the buy with dogecoin. Based on my analysis it is currently respecting the 61.8 fib entry level to contine long. If it breaks below the 61.8 dotted line i have marked then expect a bigger pullback to bext dotted line (78.6 fib level) or daily high retest before continuing long ! Happy trading !