tommyboxfx
Short

Still looking for reversal pattern!

BINANCE:ETHUSDT   Ethereum / TetherUS
At the end picture is always more clear than at middle of the cycle!
Previous picture looks that cycle is almost finish

But now looks that one more small wave missing before we can say that cycle is really complete!
Level 102 and 111 USDT is the most important now! If broke the 111 than we can say cycle is already finished but if hit 102 level and we will have a nice ABC correction than we can expect one smaller five wave to downside to 70-80!! level!
So if we want to make one short trade now that should be
Sell order at 102,SL 112 TP at minimum 80 bat depends how the wave develops to downside.Exit in fifth wave of Fifth wave.So risk reward ratio is minimum 1:2.2 or higher money management max 2,5%!
If we catch this when we exit from fifth wave we can make a new buy and hold position in long term!For this moment we are waiting for long time!If you are just ETH holder from 110-120 levels or higher than just be patience and don't looking to graphs few more days :-)

In same time we can expect BTC to hit the Magic 3000 level
https://www.dropbox.com/s/wd85m54jg3q276...

I know too many if than in this story but hunting a trend turning points is not so easy and never can be sure because market can go always deeper and higher ,waves can have extensions etc but also i know market is never going in just one way(for many s..t coins sure market go only in one way we should know that also but i think that is not the story for Ethereum and BTC )
Comment: One more possible scenario in this case sell is at 99 all the rest is same like in above mentioned!

https://www.dropbox.com/s/xlqh3wzjce6ulh...
Comment: We hit the D point now let's see our falling wedge pattern works this time or not!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out