Riester

Riester

Target 1: 1345 1. 1H supertrend 2. Retest previous high that preceded the dump to the 900s 3. 0.786 FIB level of previous range Target 2: 1260 1. 4H supertrend 2. Retest demand zone within this current impulse (could be Wave 2 of this impulse off of 1040) 3. 0.618 FIB level of previous range

Riester

Target 1: 22 1. 1H supertrend 2. 0.786 FIB retracement of range 3. Retest previous range high Target 2: 23.5 1. 4H supertrend 2. 0.618 FIB retracement of range 3. Retest demand zone within this current impulse (possible a Wave 2 of this impulse off of 17)

Riester

1. Retest previous lower high. If we break it, then bearish market structure (MS) is broken and I would look for a flip of 35000 as support to long 2. Move off of 32000 is made of 3 wave moves. Elliott Wave Theory defines that as corrective in nature.

Riester

Altseason is officially here. Though BTC still leads the market, most altcoins have inverted market structure. While BTC is making lower highs and lower lows, alts are making higher highs and higher lows. I am waiting for BTC to dump to daily demand at 26-27k to load up on alts, but I am beginning to see that it won't matter. The relative discount on alts will be...

Riester

Major daily demand is at 26000 and is yet to be tapped. The impulse off of 30000 is composed of corrective 3 wave moves. Not bullish... Previous lower high (market structure breaker) is at 35000. Plan: Make one more 3 wave move to 35000, then a major 5 wave impulse to 26000. Then moon shot.

Riester

After our dump to the high 900s we made a clear 5 wave impulse to 1440. Since then we have been in a corrective structure. This bounce from the end of the Descending Broadening Wedge is not. impulse, and is currently consolidating beneath major resistance at 1300. WHAT TO WATCH: If we lose 1200, we are going to 1000 to test the channel, intraday demand, and the...

Riester

Nice retest of 55. Let's go for the 1.618 extension of the range to 73!

Riester

Tap the previous ATH one more time, then send it.

Riester

Pretty simple bullish correction: descending wedge Price makes lower highs and lower lows. We made a lower high upon rejection of 38500 and a lower low upon retest of 30000. I expect we reject our previous high within the recent dump at 35300 before continuing down to 27000.

Riester

On the HTF we are yet to actually close a daily candle in Daily Demand. The first mini demand region is at 26000 and the major daily demand that would be the absolute floor is 23500. I lean towards 26000 for a candle close, but I could see a nice long-tail wick suck up liquidity around 24000-24500 before launching back up with a bullish engulfing candle.

Riester

CONFLUENCE: 1. HTF support/resistance from 2017 bull run at 900-1000 2. Weekly open/close and high/low at 900 and 1000 levels around New Year's 3. Daily supertrend supports at 900 and 1000 POSSIBLE CONFLUENCE: 1. Daily 45 EMA at 1000 (no shown) 2. Possible parallel channel playing out to 1000 retest

Riester

Similar to the link below. ETH range bound in November 2020 and January 2021 played out the same way. Ranging price action (PA) relies on Fibonacci levels to be reclaimed. Watch for reclamation of: 0.25 0.5-0.618 (range EQ) 0.75 range high ETH here could either keep bouncing off of range high, as it has just retested it OR it returns to clearly retest 0.25 and...

Riester

The consolidation in late November 2020 is very similar to what is happening in January 2021. Learn how to play range bound PA. It never fails

Riester

Ideally we retest last week's range from 1230-1270. I am expecting we at least hit 1290 to retest the intraday resistance from last week. Bids scaled for 1260-1290

Riester

Played out to the T

Riester

LINK hit my target demand from this morning.

Riester

LINK, ETH with the same PA. Pump after breakout of wedge/triangle, dip to retest the trend line and give more buyers an opp to long, then really pump to new highs Bid scaled in from 185-195

Riester

Made this on January 11 at the high of 67. Target demand almost hit with a candle close at 55.