ChartMeister69

ChartMeister69

Let's wait and see what the market will do RSI Divergence also in place

ChartMeister69

Let's wait and see what happens!

ChartMeister69

harmonic pattern completion at MAJOR support

ChartMeister69

we could biuld up a DoubleBottom -> 123 entry for confirmation

ChartMeister69

1.1350 - 1.1220ish is a strong area where we could find some buyers. we are oversold with divergence on higher Timeframes and should see some retracement

ChartMeister69

if we pull back into my area, i look for a buy. or we may rally right into 250-260ish befor we catch a pull back

ChartMeister69

2 major and 3 minor fib levels at about 1.16 if we reach 1.1490ish or even the lows at 1.1460ish -> look for lower timeframe buy entry at this lvl

ChartMeister69

but...

ChartMeister69

great RR

ChartMeister69

121.00 was a key level for me and seems to hold, therefore i look for shorts now. great RR on that one

ChartMeister69

"sry you have to adjust the chart to see the bars better, my fault" as you can see on my related idea, an inverted H&S pattern could form up about this level. the 1.1570 is a great support and 3 fib levels showing up about 1.157-1.1575 1.1635 is first TP and may we will see 1.1770ish which is a nice short opportunity

ChartMeister69

reversed H&S pattern maybe forms up.

ChartMeister69

as you can see at my related ideas, my opinion is that the 160.00 level is a pretty strong support and i personally got out of all my sell orders and now i'm into some long involved. i expect some range now between 160ish and 270.00. if we close on a daily/weekly candle above/below these levels, it will get order on the rebounce. Anyway, if this double top...

ChartMeister69

if we see some long formations about 1.15ish we will probably get some more upward movement

ChartMeister69

61.8 + resistance and maybe TL. if we hold the double bottom. 1.1510-1.1500 is a good support level, whatch attached ideas highrisk traders can go long about 1.1500 for some swing trades

ChartMeister69

here you can see two levels which may cause a pullback to a BIG resistance area around 1.7700ish.

ChartMeister69

as you can see some crazy Fib confluence forming up. take this levels in mind!

ChartMeister69

As you can see on my attached ideas, i bought @ 160.00. We double bottomed, made a new high on the 1H Chart, retested old resistance, which acted well as support. The 160.00 hold pretty well so far and because its a BIG level on the weekly and we rallied so fast and dropped so low on the BTC, i expect some range trading now for some time now... As you can see on...