Looking for a retrace to previous resistance of 0.618 before lift off to 210€.
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Looks like it could possibly break up from here without re testing the support.
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Expecting something similar to my above fractal, hoping the lows to hit my green box though.
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VOLATILITY will increase
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It did break up but got rejected. I'm not sure if we will re test, if we don't then we are most likely seeing the start of a major run.
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For now it is looking exactly like my fractal above, lets see if it breaks down from here. A close above the resistance = big bull run. a close below the ascending support line = re test my green box area or close to it.
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ETH filling in the gaps for a major bull flag - confirming my target
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Getting in again here. Im not taking profit this time. Target is still 208-210 but next leg is likely to overshoot , leta see how much ETH gives ro the RSI
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Typo above, should say: "lets see how much respect ETH has for RSI".
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Whats going on? Lets zoom out
And a closer look
Clean
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kinda deformed inverse head and shoulders
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One step ahead. The bears are getting tired
Cup and handle already confirmed. Bogdanoff leaked this personally to me.
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Hello eth friends :)
We can see another high probability for breakout on the smaller timeframe here
We can see another high probability for breakout on the smaller timeframe here
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Please, tap that like button :)
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Really important that we hold this point here. Or the very short term trendline will be broken - looking for another high volume buy to fill in the gap!
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Potential IHS
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Btw we hit the retrace before the next wave up, forgot about that :D
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Don't worry just yet. We are working on it
Unless horizontal support gets rekt here we should be moving up again any minute. Or were setting up a trap in either direction.
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Trade summary and market analysis
if we hit the lows of 180 i will close the trade,lock in my profits and reevaulate. For now the situation is exactly as expected. Screenshot above shows a rising trendline from the previous resistance, this trendline is also interacting with the horizontal support of 185. I place a lot of significance for this support to enable the rally to extend to my target. It's possible that we have another bear trap set here before we make another big leg. Also keep in mind that the situation easily could be in a reverse situation, that this is the last cream the market has before we enter a long crypto depression. However the most logical approach here is to keep long position open, my reasoning for this is that we have made higher lows continually throughout the bear market, we also penetrated some moving averages and we are reaching a technically bullish logorithmic trendline om bitcoin. All in all, longs can be expected to be flushed out once more but we should not create a lower low.
if we hit the lows of 180 i will close the trade,lock in my profits and reevaulate. For now the situation is exactly as expected. Screenshot above shows a rising trendline from the previous resistance, this trendline is also interacting with the horizontal support of 185. I place a lot of significance for this support to enable the rally to extend to my target. It's possible that we have another bear trap set here before we make another big leg. Also keep in mind that the situation easily could be in a reverse situation, that this is the last cream the market has before we enter a long crypto depression. However the most logical approach here is to keep long position open, my reasoning for this is that we have made higher lows continually throughout the bear market, we also penetrated some moving averages and we are reaching a technically bullish logorithmic trendline om bitcoin. All in all, longs can be expected to be flushed out once more but we should not create a lower low.