sondoku88

sondoku88

Interesting if things play out like this in the coming days. On a side note, traditional markets look weak in the background so we could have a deeper, more climatic reaction !

sondoku88 Updated 

Obviously things doesn't look good from my perspective. There could be a last rally before " the final countdown" ! One way or another ...

sondoku88

ETH seems to be in a down channel, and is looking for further downside continuation after breaking the rising wedge while rejecting the 4h 20 EMA. A daily close below 1900 would confirm the move imo. However, be cautious as price is now on support and could potentially have a fake out move to the upper supply line similar to what happened on 6 June. I'm not...

sondoku88

BINANCE:BTCUSDT let see if this play out, almost too perfect to $24k "gap" fill. However, I think BTC could see 20k level retested if 30k support failed to hold. Applying the price fractal of the drop from 41k to 28k looks interesting, almost revolve around important support/resistance zone. I'm not shorting BTC, but would be happy to DCA around the 20-24k.

sondoku88

My strategy for this bullish cycle : Averaging up for every 30% drop . Initial Price target $60,000 ! # YOLO # FOMO

sondoku88

- 4H 20 & 50 EMA cross - top of down trendline on price & RSI - wait for a 0.382 - 0.5 retrace to retest 3420 S & R level, which should have 20 EMA dynamic support to go long Target on fib extension 1.272 on monthly R3 or 1.618 on monthly R4

sondoku88 Updated 

- inverted H&S - golden cross on weekly - break of long-term down trend (or about to) - SP retests strong R @0.385 TP target 0.585 - SL @0.3 - R/R 2

sondoku88

A newbie thought on which directions XJO would take next week ... 1. retraces to 4992.2 to level with left shoulder 2. rise to complete (B) wave to 6165.3 (Fib 0.618 level) distance equals top shoulder to neckline & probably just under 55 days SMA level 3. going down to complete (C) wave to probably Fib 1.618 level of 2930 any pro tips welcomed :) & Stay Safe !