eL-Professor

eL-Professor Updated 

I will post next the 4H , 15 Min & 5 Min charts ,, will explain the potential trades we should seek for to be in the right side of the market as much as possible

eL-Professor Updated 

Price highly expected to reverse between (129.900 ~ 129.700) We will buy with Tp Level @ 130.100 and Tp2 @ 130.500 Better to keep SL below 129.600

eL-Professor

Simply : 1- Touched the MONTHLY descending channel upper band (Short indication). 2- Broke the ascending channel + retest (Short indication). 3- clear setup .. do you even need more indication to take clear sell signal :) wish you all the best

eL-Professor

Crossing above 1795.00 will confirm the buy our 1st target will be at Daily descending trend 2nd target will be @1860 2nd scenario : price will push into the weekly ascending trnd line (purple color) before taking the jump up Recommending to wait for the confirmation above 1795 and be careful near important levels of the possible reversal Overall I will not...

eL-Professor

A breakout must likely will happen : 1st Scenario : Breakout the descending trend now ,, then we will be looking for a buy signal above 1.38722 targeting 1.40000 & 1.41288 2nd Scenario : another lower low toward the daily low 1.36700 then to breakout the descending trend for better R:R ratio over all i dont recommend to look for short positions in this time as...

eL-Professor

So far BTC shows respect to the Support & Resistance Level all the way down I believe its time to climb again toward 38k (61.8 Fibo level)

eL-Professor

I can identify a pre- H&S pattern .. and if this is right we are going to see a bullish run from current level towards 38k then a big drop into new low below 30k .. I recommend to be aware of that while holding or trading .. Good Luck

eL-Professor

A coming drop if the price closed below 39300$ As it will target 35900$

eL-Professor

Price expected to drop between 33900 ~ 32000 before the bullish impulse into 42000 will keep this post updated

eL-Professor

BTC journey in the triangle comes to its end I believe strong move up coming during the coming hours .. 2nd scenario as usual have to be there A 4H candle to close below the asending trend line Good luck

eL-Professor

1st Scenario : - Triangle broken upward - Tested the major resistance @ 1.82 - Pulled back to the broken triangle to supply more power forming inside bar right on the triangle. - will push again to next resistance @ 1.94 then 2.1 (Scenario confirmation on inside bar breaking up) 2nd Scenario : - Major resistance @ 1.82 pushed the price down to triangle to brake...

eL-Professor

I think we are in the right shoulder right now ad breakout below the structure will confirm the down shift better to wait for a direction confirmation before you trade on this pair Good luck

eL-Professor

Lets wait for a pull back first for best entry point

eL-Professor

As explained in the chart

eL-Professor

Which one you think

eL-Professor

Do you agree ?

eL-Professor Updated 

Explain the opportunity in daily chart : - Price test 61.8% Fibo level - Touch and fall from the BB upper band - Clear divergence in RSI - Formed IB How to enter the trade and how to risk management and take profit : - Sell stop order below mother bar (green line) - Stop loss level above mother bar (orange line) - 1st TP near (black line) then to free risk the...

eL-Professor

Explain the Idea : - Price test 3 years resistance. - Price touched the upper BB. - Clear divergence in RSI. - Head and shoulders formed .. break below the neck (Green Line) will confirm the down shift. Risk management / SL & TP - Pending order of (SELL STOP) right below the green line. - SL to be placed above the right shoulder. - 1st TP at 38.2% (black line)...