As per my previous post ETH hit nicely the red short zone and dumped fast. Unfortunately I did not take the short as had no time to monitor PA. Hence lack of time I had no chance to review the market earlier. But the plan went well and target hit from the long I had. Shame on the short I didn’t catch it. Also we still have some stops resting bellow at the red X...
ETH next week plan. Price held the 4k zone, and now printing temporary bullish MS on some HTF. Reclaimed MO the 4500 zone is a resistance now where we broke down. This would be an ideal place to Short unless proved otherwise. I would be targeting then the 3500 zone. (also fibs matching the red zone, highest spike 4609 ish) Let see how Monday range will develop...
LTC can not be more simpler. Falling wedge is a bullish pattern. A break of the top trendline will be looking for longs towards 300
Lets see if this plays out. We had accumulation, lets see if this is Manipulation before the Distribution. A nice strong close above MO would be nice. Maybe one more wick down into D support zone. Don't want to see a W close bellow the red line. Being careful here with longs as we have bearish MS on the major TF. So any bounce I will look for shorts. Unless...
Bullish scenario. BTC price finally broke out through the resistance we had at 63k-64k. And the ranging channel also we had - broken out to the upside. Nice strong H4 close also above 64k Scenario 1 – Looking for continuation and a H4 close above 67200 for new ATH. Scenario 2 (more likely) – If price pulls back to retest previous resistance that should act...
Update from yesterdays market analysis Price pushed today above Mondays high and closed below. Also closed bellow PMH and rejecting currently on the H1. Looking at the H4 we have some sort of small support here and retesting previous ATH. If we do not bounce and reclaim PMH / DO and Mondays High from here and close bellow the H4 support I will look for a stop...
FTT nice break out and flip of S/R Price retesting currently the old resistance as support now. Want to see price go back above PWH / WO / DO and hold for a push up towards PMH to $70 MS is bullish on the H4 Lowest price can go to remain bullish is the MO at $59.5 I do not want to see a close of H4 bellow it.