Hello Traders! ETH is going lower as well. Enjoy the drawdown and blown accounts.
BTC - INSIDE Day , Possible reversal on the week (21K target).Will 20K be retested??.. Next Target upside $25300 area needs to break and hold. ETH - INSIDE Day , Possible reversal on the week ($1450 target)... Next upside Target $1750 area needs to break and hold. HEX - 2 Down Day , Possible reversal on the week... Will 0.05 Cents hold? Next upside Target ...
Inside day -- need to get out of the range of the previous bar (possible 2 down / 2 up reversal) Inside week -- need to get out of the range of the previous bar YUCK................................. Want to see some kind of reversal on the daily to help setup the weekly BREAK to the upside! What's Next? Wait for the Daily Candle to tell US! Best of...
Looking at adding to long term holds as we currently are seeing deep retracements in the crypto space to some previous key areas. Looking at Uniswap, Fantom, Ether, BAT, and Hedera to add to my current holds on each.
Crypto outlook for the day and a bit longer term as well
I obviously have a bullish sentiment on BTC however, I am hopeful that we will test this daily structure + 61% fib as resistance allowing us to see another dip to the relatively low and maybe even the 40k mark. This will allow for a healthy retracement before another bull run and more importantly, give others an opportunity to load up at a better price point prior...
Video - THe video simply explains two possible trades. One short and only long. Both present tight top loss management initially.
I talk about the 2017 support and resistance lines and why they are important now. Thank you, Andrew