Back testing candle stick pattern strategie.
WAITING FOR MORE CONFIRMATION TO CONTINUE BEARISH
SHARING WHAT I HAVE FOR THOSE THAT I TEACH WILL DO MY BEST TO BRING ONLY VALUE
PLEASE PAY ATTENTION TO DETAIL WILL BE WATCHING THIS PAIR ATTENTIVELY
seeing price setting up to re test support @ around 8,875$
if you go on the weekly and measure from the high to the low youll see the level 78.6% acting as resistance making a nice reversal pattern as i type
thought id share my thought process on a trade i got going on
i measured the bullish rally (LOW TO HIGH) and we then see the bearish retracement end at 88% fib level i believe will begin a bullish trend from this point on. look out for re-test of support. my projected target is the resistance level @ the -27% fib completion that aligns with previous structure.
Expecting sellers to have power soon after the -27% fib completion level was hit to bring price to the down side. expecting the trend line to be hit, patience is key.
we've completed a bearish trend through out the crypto markets and seeing them correlate is a beauty, we now have a shift and i do expect bullish litecoin to reach the 220$ price zone where the 78.6% FIB LEVEL aligns with structure beautifully. from here i do see this market bearish where sellers will take price down to 135$ and will gain the liquidity to begin...
GUYS IVE DISPLAYED ALL MY THOUGHT PROCESS ON THE CHART, ID APPRECIATE ANY FEED BACK THANK YOU !!!
seeing here on the 4 hour timeframe we identify clear bearish momentum and respect of these resistance zones, as we consolidate below the 61.8% FIB RETRACEMENT we may expect bearish break out towards our projected target levels. always have your confirmation when trading and enter with good risk management.
Really nice confluence we got going on here within the daily chart, im expecting a plunge towards 135.00$. we see our weekly support line align with our extended fib target at -68% level. nice daily closure for confirmation.
Hey guys been back testing alot of different methods really trying to be consistent. never doubt yourself, if so stay away. currently seeing price maintain support at our previous structure low point. we also have our fib measurement that is already playing apart as resistance at the 23% level. if broken i do expect a nice move up into our fib retracement zone,...