Riester

Riester

The 0.236 fib level of the range @ 24.3 has stood as a critical S/R area. Every time we reject it as resistance we dump. Every time we hold it as support we pump. If we can reclaim 24.3 today with a 4H close above, I will look to long.

Riester

Conditions for Long: 1. Clear S/R flip of 37500 which was previously rejected 4 times. We bounce with long-tail wicks denoting strong buy pressure. 2. Hourly supertrend held (blue line). This may be a false breakout of the range, so I will take partial profits. If we manage to hold the red region I will compound my long.

Riester

This aged well since this afternoon. We dipped to my target @ 1625 (0.618 of the range). If we can get a higher time-frame candle close, such as the 4H, above 1625 I will be bullish. Otherwise, we could lose range low and dip back into to 1545

Riester

On the weekly LINK flipped its previous ATH at 20.5 into support. With that as our support, we can then zoom into the 4 Hour (4H) and see a beautiful ascending wedge forming; equal highs with higher lows. Price is basically squeezing sellers at $25, with buying pressure increasing closer and closer to that level. By the weekly close on Sunday I expect we break...

Riester

Range High = 1700 Range 0.618 = 1625 Range Low = 1575 We are heading for the "Golden Line" at the 0.618 Fibonacci retracement of the range. If we successful hold this as support I will look to long. If we lose 1625, I would expect we make a HTF leg down to retest intraday demand DEMAND Primary = 1545 Consolidation that preceded the pump to 1700 VPVR shows...

Riester

RESISTANCE = 38550 (red region) If we flip resistance that is clearly bullish. However, I believe I suspect we see a bigger dip to suck up some demand at lower levels IF we are to continue higher into Range High (42000). DEMAND Primary = 34800 1. 0.5 Fibonacci retracement of the range is "Range EQ" AKA Range Equilibrium. Tends to be a pivotal point for bull/bear...

Riester

Expecting a little consolidation below range high, but ultimately we are in bullish market structure. With ETH making new ATHs, I am waiting for ETHBTC to break range high and send it

Riester

A picture is worth a thousand words

Riester

We held the monthly open @ 22.5. If we can flip Range EQ @ 24, there's little left until price discovery.

Riester

Pretty simple. Major resistance being flipped into support. If we hold 1420 as support with a 4H candle, I'll be long.

Riester

BTC has reclaimed the monthly open @ 32000 Reclaimed weekly open @ 33200 Now trying to flip Range EQ @ 34780 We just broke the trend line resistance, and a hold of Range EQ would be a beautiful S/R flip and mini-retest of that trend line as support. If we hold Range EQ I expect we move to 40k and give it another try.

Riester

We are currently testing the weekly open @ 32350. There is lots of support here with the 4H supertrend, 4H 200 EMA , and the weekly open. With that said, we have tested it a few times and rejected pretty hard to the upside. I am expecting another test of 31000 as that is the popular demand zone at the moment. However, 31000 has been tested multiple times already...

Riester

Just entertainment at this point

Riester

ETHBTC looking for a retest of monthly S/R flip at 0.038. Upon a bounce I would TP at monthly resistance at 0.058. Regardless, when if BTC dumps to high 20ks again, it could drag ETH to retest this demand region. BTC retest daily demand above its previous ATH, THEN altseason begins and everything pumps hard.

Riester

After the BTC dip, LINK successfully closed back above its previous ATH @ 20.8 with a bullish engulfing candle! Super bullish. Now I am looking for a quick retest of demand and an S/R flip at 23.1 before continuing further.

Riester

Looking to retest the level that preceded our breakdown @ 31500. Target weak demand at 28200, and ultimately major daily demand at 26200. 31500 28200 26200

Riester

I'm outta here. 5 waves are complete. Target weekly demand from previous bull run at 1000

Riester

ETH has established bearish market structure. If it breaks 1400 I'll look to long. Otherwise, my plan is for it to make a lower high by rejecting its previous support at 1380, then continue down to demand at 1200-1210. From a wave count perspective this would make a zig zag with a 5-3-5 count. 5 waves from 14470 to 1240. 3 waves (right now) from 1240 to 1380. 5...