If it reaches the daily resistance, we might expect a short trend till' the monthly resistance.
As we see, it must be reaching the 0.5 Fibonacci retracement (8.5k-9k) and then goes to 13k. Do not be afraid of the Little correction. Market capitalization is about 430 Billion Dollar.
Maybe it will rise to the monthly resistance and then it is a good reason for opening a short position.
I will open a long position when it reaches the gartley's target.
First we can recognise a flag pattern (proof: rsi is in the middle point and the stem of the flag pattern ended at 0.318-0.5 retracements). Cypher pattern's target overlapses the flag pattern's target In the 5m chart we can recognise a gartley pattern which can be a proof of backtest to the zone In the 1h chart it's a trend turning wedge pattern having an...
Cypher pattern ending in a widening pattern. I'll open when it breaks the widening channel TP&SL as you see RSI divergence
The Deep crab ended at 1.00065 with a flag pattern and I'm waiting for a trend turning pattern to be formed. I'll entrance if it brokes the EMA(200) and the EMA 110 and 20 gives me unequivocal sign. My stop is below the backtesting area of the EMA(200) or the trend changer pattern.
We can recognise a Cypher pattern in a Batt pattern. In the ending we can recognise a double top. My entrance is at 1.00881, under the previous level when the candle broke the EMA(200) clearly. My stop is at 1.01130 and the tp. is at 1.00629
Looked like a gertley pattern until it broke out the 1st green zone. Now I expect a Cypher pattern ending in the 2nd green zone. My target is at 1.12469 then I will open a short position (now I am in a long as you see).
We can see a Cypher pattern reaches the 0.786 retracement (extended to 0.886),than I'll open a long position if my indicators give sign to me.
There's a primer channel and the secunder trend reached the resistance.
We can see a confusing pattern, because the secunder trend contains the wave of 1-2-3-4-5 and it seems like a trend changer head&shoulders pattern reaching the 0.5 fibo retracement and the wave of A-B-C. It might be a short position if the indicators show an unequivocal sign. If long, it'll exceed the today's maximum point.
Maybe I can conclude a flag pattern and I'll buy if it gives me an appropriate sign. It reached the 0.382 fibo retracement.
I suppose it's going down if it'll broke the trend line.