Hello Traders
A simple chart showing my entries targets and exit targets.
As always, this is not financial advice, just how I'm playing this corrective/impulse wave up right now.
I expect 9k to show massive resistance, and i'll exit at 8900 roughly. 9k also has horizontal confluence and the 200 ema resistance band is right there. So lots to support my decision.
My entry was just hit at the .382 fib line on the retrace of the 3rd wave which was a small retrace but expected due to the pullback of the first wave was to the .5 fib.
And Lastly, I'll look at reentering/observing what happens at the .5 and .382 fib lines on the 5th wave completion for a reentry if we are going to attempt higher highs. If we fall below the .618 on the retrace then i'll assume more bearish sentiment and that we could possibly be observing an impulse wave down instead of an impulse wave up.
We are still in a bear market until we can pass over 11780 basically and create a new high.
If you enjoy these charts please like and follow, I appreciate all the support, ultimately I'm working on building the largest and most helpful community in crypto in my discord channel called the crypto blend. I can't post links in here so check me out on Youtube under crypto hippo and facebook group is the crypto blend. Take care and best of luck traders!
A simple chart showing my entries targets and exit targets.
As always, this is not financial advice, just how I'm playing this corrective/impulse wave up right now.
I expect 9k to show massive resistance, and i'll exit at 8900 roughly. 9k also has horizontal confluence and the 200 ema resistance band is right there. So lots to support my decision.
My entry was just hit at the .382 fib line on the retrace of the 3rd wave which was a small retrace but expected due to the pullback of the first wave was to the .5 fib.
And Lastly, I'll look at reentering/observing what happens at the .5 and .382 fib lines on the 5th wave completion for a reentry if we are going to attempt higher highs. If we fall below the .618 on the retrace then i'll assume more bearish sentiment and that we could possibly be observing an impulse wave down instead of an impulse wave up.
We are still in a bear market until we can pass over 11780 basically and create a new high.
If you enjoy these charts please like and follow, I appreciate all the support, ultimately I'm working on building the largest and most helpful community in crypto in my discord channel called the crypto blend. I can't post links in here so check me out on Youtube under crypto hippo and facebook group is the crypto blend. Take care and best of luck traders!