dharma_fx

dharma_fx

My longer term projection is visible in this chart. When BTC retraces to the 61.8 and 78.6 retracement levels I will be taking a majority of my money out the market (70%). At that point most people will be on board again due to the fomo kicking in. Behind the scenes there is a lot going on with regulation and I think this may be the Catalyst that will bring the...

dharma_fx

There has been a lot of consolidation in the crypto market lately and this has changed my view a little from the last updates I made. The upside targets are less and less likely to come trough first before another push down occurs. My plan from this point is to sell between 0.75 and 0.8. If price manages to close below 50 cents I see a rapid drop to the lows...

dharma_fx

Price has now dropped to the 61.8 of a weekly fib. This would be a great area for price to bounce from and start the push to the upside targets of 1.3 and 1.48 If the previous higher low gets breached at 0.79 then the last resort is for price to create a double bottom at the 0.65 level before the push up occurs, and if that support doesn't hold 20 cents will be...

dharma_fx Updated 

In my previous post I made clear that there would be one more push to the upside before I expect the larger correction to the downside because of psychological reasons. (CHECK IT OUT ON MY PROFILE IF YOU HAVEND SEEN THAT ONE YET) This is a long trade I will take to try an catch that move up. orderblock + 61.8f fib+ trendline. The fib extension lines up...

dharma_fx Updated 

Expecting a normal retracement to the upside with solid resistance levels around the 61 and 78 fib (at these levels I will be taking some holdings out of the market). This will line up with a move to the upside on the BTC chart. after this retracement to the upside has been fulfilled, there will likely be a major market crash bringing XRP to around 20 cents (where...

dharma_fx Updated 

Fib retraced perfectly to the 61.8. From there price turned around and I think it will fulfill the fib extension somewhere between the -27 and -61.8. Price just broke down and closed strong below the 1.654 key level, so I will enter upon a retest of this level. Entry: 1.654 SL: 45 pips TP: target 1; 140 pips, Target 2; 240 pips DO NOT RIST MORE THEN 1%,...

dharma_fx

E/J 4h. Trendline crosover with strong key level.

dharma_fx

E/J short (higher risk) nice tight stop with high posibble reward!

dharma_fx Updated 

PA showing srong buy pressure, even tho fundamentels are telling different on the 4h there is a double bottom + a morning start formation on the 1h there is an inverse head and shoulder+ break/retest of the tl. also its at the strong support of 50 which it is having difficulty to break SL 49.7 and put it on low risk as we go against fundamentals TP will be...

dharma_fx

Reasons for short: strong KL + 4h 50 ema + 61.8 fib sl above the 75fib level tp at previous low

dharma_fx

reasons for short: Third touch of the trend line + key level + 4 hour 50 ema SL above the 75% fib TP around previous low

dharma_fx

reasons for short: There is a third touch of the trend line + the 4 hour 200 ema + key level just above SL above kl tp 70 pips

dharma_fx Updated 

Reasosns for long: rejected the kl creating a head and shoulder pattern on the daily sl below kl 2 tps, 1 below the first resistance and the second above the other resistance

dharma_fx

reasons for short: third touch of a trendline + wicks show sell pressure on the 4h sl above previous high tp above nect resistance

dharma_fx

Reasons for short: There is a third touch of the trendline and strong horizontal resistance sl above previous high tp above next support

dharma_fx

reasons for long: rejection of the TL and 4h 200EMA + wicks are showing increased buying pressure sl 25 pips tp under next resistance

dharma_fx

reasons for short: Break/retest of the trendline+ strong horizontal level SL above the 61.8fib TP at next support area

dharma_fx

reasons for long price acrion broke up out of consolidation area, entry upon retest SL under the wick of the second candle TP Just before next resistance area