Local 0.5 and major 0.5. A good rejection this time could mean we go to 0.618. Quick scalp. This is a hobby for now, I am no professional and have no track record to provide. Don't follow the trade. If you do, SET STOP LOSS, do not look away if you do not have a stop loss based on my charting.
34.7-35.5k target. SL @ 32k Good luck!
Crypto currency was heading to a normal retrace and consolidation until big players with big mouths started tweeting their opinions. Today, we have billionares fighting for a direction on prices, and I bet none of them will be willing to hold billions and billions of dollars for a few years as their unrealized investments drops to 70-80-90% value. This is where...
As much as the latest trend and price action leads me to believe Eth will continue dropping throughout this weekend and into next week, there seems to be patterns suggesting a pump. Maybe an attempt at liquidating all the shorts and leverages? My guts says 1,800 by Sunday night, but I wouldn't bet on it, does seems like 3,200-3,400 in play.
Will exit every crypto position when/if BTC reaches target, will then wait for market to choose a direction before entering any trades.
Because of the ping on 0.5 on the retracement and the double ping on 0.5 extension, I feel somewhat confident that BTC is heading strongly to test previous ATH and hopefully stick its neck into a new area, 64k? Also confident it will do so this weekend, or by middle of next week.
Conditional to BTC continuing its current run towards ATH. Any dip on BTC this next daily candle and this target will be invalidated.