Just triggered, based on hitting fib and pivot
My fibs say 8850 possible shortly. If so, then it should be end of down wave.
I am already in short for a longer term (for me) trade. This is sub-Plan, on possible bounce zones to watch to add to shorts. USD has been tearing it upwards, so the bounce may not come yet, and it might bounce much.
AU has fallen a loooooong way. But it might have a little bit more to go after what appears to be a wave 4 correction up. I am looking to go long eventually, at the end of the multiple wave 5's. So am looking for one more dip.
Watching for a USD/CAD long entry. Looking for roughly 1.27 or 1.28 signs of bounce. I think Oil continue to go up in price for a while. Canada econ seems to be doing OK. Dollar has had a run, might be time for a small pullback.
Have been long, looking to add more. Hoping for a pull back to ladder in some orders.
Just a quick scalp attempt with decent RR
Longer term possibilities. Showing two different 12345 impulses down. 1.16 looks quite achievable per Fibonacci extensions, and quite normal to retrace to around wave 4 of impulse up. 1.12 is plausible, if US FED keeps hiking and ECB keeps stalling. All in all, I think EURO is way overpriced and need a significant correction
Interesting that BTC started the week right at the Weekly Pivot. Currently looks to be rejected from Weekly Central. So need to observe the price action as the other pivots are approached/ == If you are not sure what ''Pivots'' are, check this Guide, which has 2 other chapters linked within:
That was an aggressive wave 3. Wave 4 now working itself out, consolidation. Wave 5 yet to come. The sell stops resting above 10k are too tempting for whales. If they can trip 10k with a little force, it will cascade to 10.4k pretty quickly. I strongly suspect (and hope) the US market on Friday will hit the trip wire.
Currently looking like we are in a wave 4. So thinking one more leg down.
Based on the slightly higher top than expected, I have adjusted my entry zones. LTC has been liking the 382 fibs, worth noting for future consideration.
For me, this is NOT a good place to buy. The move up may well be DONE at the dark green 1.618 fib. But just wondering if ETH has one more push on Sunday. Monday is US SEC news, which will probably hurt it regardless. If SEC talks about ETH being a security, expect a massive sell off. So just wondering if sell before then, or wait for one last push up....
I think that LTC has completed, or is very close to completing an Impulse 12345 move. So am planning by entries. I am NOT sure retrace is coming soon, but am preparing. The ''1x''. 2x, etc, are multiples I plan to buy. I ladder in numerous small orders in those zones. This NOT the Monte Carlo strategy. Only meant for accumulating. If all three order blocks...
Just a quick analysis of short term possibilities. Took some profits in 9800-9950 range, looking to buy back in with those profits. I am still holding for 10.4-106k per my other plan
This is in follow up to my previous Post about Stop Hunts. Whales have now gotten two nice meals. After having digested a nice meal from couple days ago. But there is good news in the air, more krill on the way. Goldman Sachs will trade BTC futures. Reddit accepting BTC again. Perfect media coverage to push into next batch of stops. Would not surprised to...
Looking for a small pullback to go long. Micro 5-wave impulse looks done. Watching for ABC correction. This is a short term look at my longer term idea published here:
Not much of a Gold trader here. Just a Gold holder, always looking to buy more. Just bought a little more $1301.00 :) Couldn't resist the perfect support level and Fib confluence. Hoping to see at least 1318, then higher! Will post updates as price action develops.