On the weekly massive Inverse SHS if break the 10k the main target will be the .618 bear swing wich is 15k. The crazy part Mcfee just said june is hitting 15k so let see...
COINBASE; trade recommendation: Base on Fibo Bear retracement .618 and Fibo Bull extension 1.618 Buy Stop limit order: Stop at: $273 Limit at: $ 265 Target at: $325 Stop loss: $235 Loyally, GUS
This is just a simple put. Fibonacci may be an alien or something. The bear swing (.618 retracement from $200) is $325 and The fibo extension Bullish (1.618 extension from $240) is $325 as well. Coincidence or magic?
COINBASE:ETHUSD just broke trough a very very strong support; $285. So, we all know what happen with past supports, right? They become resistance, right? After the swing (+-$130) from all time high (+-$420), ETH did a 12345 Elliot wave. According to him after that set up the next is an ABC correction set up. So, thanks to the lord we are doing that. Hopefully...
I hope I am very wrong! But I think we are about to see the formation of the Wave 1 in the Monthly Time Frame, so the ABC correction correspond to Wave 2... I might star cashing out! I do not want though. it feels so good make all this money! thanks to the lord we can short the market... Please do not judge me, just be happy that I was wrong! I will too......
Is a very healthy pull back... As long does not break the .40 we are all good. Iota went up to fast. Bitfinex is the only BIG exchange that has it, so is all about their users... If happens the best prices to star buying back in my humble O is between are .40 to .55 (618 and 78 Fibs) But the real deal is to wait till the price breaks the solid purple down...
Hopefully will not break the purples resistant trends, special the one underneath the solid purple one.... I recommend stop-limit order from 317 to 310. stops bellow the solid purple line...
ETHUSD It looks like ETH want to have a cup of tea before the fall... I believe we are seeing the formation of wave 3 on a weekly chart. Very bullish structure. I would wait for the formation of the handle (hoping I am right). A- Buying in from 310 to 316 low to mid strength support (not my favorite entry). B- Buying in from 250 to 280 high to very high...