Riester

Riester

Both Range EQ and the Monthly Open are around 53000. This is a pivotal level. Two scenarios: BULL: 1. daily close above monthly open @ 53250 2. Shoot for 0.236 @ 55600 BEAR: 1. Lose Range EQ 2. Head for 0.786 @ 49700 Watch the daily close!

Riester

Expecting a backtest of 1H supertrend, support for move to 58000, and 0.236 of range all @ 55250. Then fall back to 0.618 Golden Ratio support @ 51600. We could hit the 0.786 of the range, but I would expect we move there later this week.

Riester

If we hold Range EQ we should test range high Otherwise back to 0.786 of range

Riester

Macro Wave 3 started @ 8000 Sub wave 3 of Macro Wave 3 started @ 9600 The two FIB graphs start at those respective levels. I highlighted confluence between the two timeframes. The 1.272 extensions line up @ 63000-65000 The 1.414 extensions line up @ 80000 The 1.618 extensions line up @ 110000 I will be looking to scale out @ 65000 to hedge against altseason...

Riester

Plain and simple. Both look weak on this rise, so I am expecting a pullback to demand zones on both pairings.

Riester

We are in a HTF demand zone for ETH/BTC. Sitting at the Weekly 21 & 100 EMAs as well.

Riester

Quick trade. Any sign of weakness and I'm closing in profit

Riester

Just a nice WXY correction in both cases. A triangle accumulation preceded the dump to the higher low in both cases. Now looking to bounce

Riester

Nice consolidation. Bullish MS as we keep making HLs. The LHs lead me to think this is a consolidation/triangle before a breakout.

Riester

1. 1H supertrend support 2. Daily Open 3. Range EQ 4. Trend Line retest If we back test the 0.236 level @ 34.4, a scalp short is on the table as we head down to 32.6

Riester

1. 15m supertrend 2. oversold HL on True Vib 3. Previous range high retest

Riester

Forming symmetrical triangle Currently testing: 51850 - Range EQ (0.5 FIB) - Daily open BULLISH (blue path) Breakout to the upside, flip 0.236 level @ 52200 Tap range high @ 52650 Look for longs if we hold 0.236 BEARISH (red path) Lose Daily Open @ 51800 Retest 0.786 @ 51230

Riester

Textbook symmetrical triangle. Expecting a breakout to the upside, a break of range high at 35, and eventually hitting a target of 46.

Riester

If we lose the critical 1705 S/R area by daily close tonight, I will first look to 1615 for support. 1615 is the 4H supertrend support, and the weekly open. IF we lose 1615 I will look to VPVR identified liquidity @ 1530-1540

Riester

1705 has served as an important S/R level. If we get a daily close above 1705, my bias remains bullish. 1705 is also the 1H 100 EMA and the 4H 21 EMA. If we lose 1705, I'd look for a HTF bounce at 1530-1540. The VPVR indicator shows liquidity at that demand zone.

Riester

Bottoming out at the wick from BTC's peak in DEC 2017 @ $20,000. If we lose this support either LTC dies, or BTC pumps over 100% in the next week or two. I'm betting a slow grind up as LTC outperforms relative to BTC

Riester

We successfully tested and bounced off of the previous range high @ 25. Time to buy dips

Riester

If we can hold 1730 which precede the sell off to 1600, then bearish market structure is broken on the HTF. I would then look to long every dip we get.