Just a simple TA using conventional wave length projections. This pair wasn't able to hold onto the 78.6% fib pullback level so now I anticipate this pair first retesting around the 1.74 handle. Following the retest I would expect a natural bounce from profit taking and buyers heading into the market, but then I can foresee this pair breaking support heading...
I always try to spot low risk setups and Bitcoin right now is signaling just that on the long side.
Taking a look at the daily timeframe, price action did in fact arrive as previous explained but now we look for a possible correct with this pair. See previous analysis below. On screen you can see that I'm first waiting for a bullish pullback from yesterday's rejection candle to then enter some shorts to the downside. This setup is only a 1:1.39 risk to...
You either hear me or you don't. Don't under estimate the power of a 16 year veteran.
Here's an idea on how to trade this range with a 3:1 R2R for each trade.
Trade details for current trade are shown on the chart. Trade has not long just alerted. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue long arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full...
so here is the thing. we are right at where our weekly pivot point it coming it. its possible btc plays out down or up before thie daily/weekly close then either way reverts back to that purple line. I think corretions is just some time away. if you wanted to long try to do it on developing camarilla L3 for daily or weekly around close. If you want short do the...