#ETH #UPDATE - As before, looks stronger than BTC, making more pronounced HLs, respecting trend, and has now formed into a symmetrical triangle.
An inside bar failure pattern on the 4h suggests we should at least test a bit lower at 174.20. However an equivalent on the daily a few days ago would suggest we test 181.85. (Although I haven't backtested reliability...
#BTC #UPDATE - Yesterday's update played out nicely, with a retest at 8022. Respecting levels well, price rebounded with another inverse V to 8200 at the lows of the wave 3 impulse then ended up back at wave 3 range lows.
While we have now made a HL, this is our 3rd tap on the level with decreasing bounce volume therefore there is increasing likelihood of it...
#EURUSD - Thinking there is a lot of liquidity here which fx people seem to like... Waiting for clear reversal though because WTFDIK! Could come down closer to pink line first for a more solid retest.
USD Prelim GDP news in 2 hours.
#USDCAD - Coming towards the apex of resistance and trendline. There is news in approx. 8 hours time wich may be a catalyst for a break out. I am currently long to resistance and/or will hold depending on price action. You can long a breakout or short a breakdown of trend (being conscious of fake outs).
Had a few telegram updates since my last one on here - posted below...
Wednesday
#ETH #UPDATE - Couldn't hold $207 for the third time in the face of further decline on BTC, however is still amazingly holding above yesterday's low. If we can't hold a decent up move in the next 12 hours or so here we will be looking at a short back to the 190s and possibly back...
More updates from earlier:
Wednesday:
#BTC #UPDATE - Well the brief try to hold the black channel failed, 11k had a minor reaction but not much and we have dropped back into the lower range blue channel.
Interestingly stopped right now at my lowest arrow for missed retests. Right between the pattern targets with the main thing holding us here likely to be the...
#ETH #UPDATE - Couldn't hold $207 for the third time in the face of further decline on BTC, however is still amazingly holding above yesterday's low. If we can't hold a decent up move in the next 12 hours or so here we will be looking at a short back to the 190s and possibly back down to the now ancient level I have at $176.50.
#ADA- The last post was a great trade. Anyone who entered on break of trend could have got up to 15% and 7R, anyone who entered on the second go at 460 could have got around 7% or 4R. Perfect hit on resistances for profit targets for you. We are breaking 460 now so this could turn into a short on a failed retest.
#ETH #UPDATE - After that great bounce off 198 we unsurprsingly rejected the first go at getting back over 215 although gave a great entry at 207 retest from my last post. This little wave is now correcting and we are at the 50% fib level riding the outside of my dubious looking channel! Being unable to break 215 was one thing, however falling back much further...
#ADA #UPDATE - Hope you got in here as this did very well! Either a 5% if you got the retest at 460 or a 12% move if you got the first entry on break of trend/resistance.
We have broken market structure on lower tf, but would need to get back over the 550 area to confirm a genuine trend change. There is little resistance on the way there though so I have hope......
#ETH #UPDATE - This couldn't have gone much better from the update yesterday. Bears won, couldn't break trend - dumped down and took out pink arrows at the three lower levels with a great wick, bounced off the long term trendline from the highs, then quickly hopped back onto the $206 level and has now broken trend resistance.
Not out of the woods yet as 215 is...
#ETH #UPDATE - As seemed most likely ETH broke support again and hit trend and the next pink arrow retest level. While we had a decent bounce a few hours ago, we rejected nicely off the support, now resistance, we just came through at 215.
On the bull side we made a fakeout and then a HH after the bounce off 206 which is promising - and including HLs on the...
#BTC #UPDATE - Analysis from yesterday turned out well. A perfect retrace to the first retest level and pink arrow at 9880, followed by a superb bounce to the next upper arrow at 10500. Chart below, forgot to publish before I deleted everything!
Nothing I see now indicates a larger retrace (as yet). simply consolidating at this level, therefore I expect another...
#BTC - After taking liquidity at two levels and a swing failure, I would expect BTC to now retrace and test lower levels. You can see there is a local mid term level at the 9880 mark and the 38 fib which needs a retest at a minimum. But then we would also expect a rounded retest of the broken ascending triangle too so we could go lower to the 61% fib.
On the...
