This what I am expecting in case of a (V-shaped) bottom, this chart indicates only the pattern which happend in ETHBTC (poloniex) daily chart after the break down of the artificially holded level of 0.07 POLONIEX:ETHBTC for a long time, similar to the 6K level of BITFINEX:BTCUSD .
Let's see how it goes.
Continuing the 2017 gold plan linked below.
I will add at market price here, two positions with SL @ 1245 , main target @1335 and extended target above @1400 or break even @ 1270 after hitting the main target.
You could set your ST tighter and enter later if break below @1260
We may have some resistance here around @113.5, but I'm seeing more up move for this pair.
The real difficult levels for this bullish movement would start above @114.5 and all the way to @118.00, where the weekly 61.8 Fib as well as three major monthly trend lines and monthly moving average are intersecting there.
will calculate my short pending...
In case of further fall, i have opened a small short position with SL breakeven, (low probability call)
The main short pending orders are waiting in the upper shorting area on the chart, same strategy, divide orders and spread them between @1.044 and @1.066
A little bit late in posting that chart, but if the calculations are right, then the price could go furter up to the levels on the chart before falling
-Pending short orders are already set, using same strategy by diviing the normal short size in many orders and spreading them in the area between @82.4 to @85.1, larger orders are set higher.
-I will not just...
Price is struggeling on the green line, double bottom.
Breaking the @0.74 must be impulsive, so an impulse in the other direction downside is also possible to the lower green line before taking of to the upside.
-I was loooking at the DAX weekly chart from 1995 to 2016 when I found these trendlines for the main highs, lows and the major turning points.
-Most of the lines intersecting @ 13500's level, in the second half of 2019, this level is also the upper trend line of the weekly channel (the white dashed lines).
-By adding some Fibs according to the position we are...