The trigger for this position is that the 4h candle closes below the black trend line!
Stop loss: 36100
Wait for the candle to close!
Well, last night's short signal on ethusdt worked as expected and we hit 2 TP points, now I'm considering a long position. The green lines serve as Entry points while the blue lines are our targets. This trade has a nice Reward Risk Ratio if the stop loss is considered.
Good luck everyone!
I'm looking for the 4h candle to be closed below, the blue line, it will trigger my short position.
The fib levels are the potential TPs and just like always do NOT forget about the Stop loss!
To enter this trade, I'm waiting for a 1 hour candle to be closed below the green support zone!
The blue lines serve as TPs 1 and 2, the final TP and the stop loss are depicted as well!
Good luck everyone and push that like button ;)
Following our previous analysis BTC is moving just as expected! and yes we will see 28k probably today or tomorrow!
I just detected 5 legs down pattern being in play for btcusdt, which lures me into a short position!
Entry 1: 31495
Entry 2: 32300
Good Luck Everyone
You might have followed our previous Sell Signal on bitcoin, in which all 4 TPs were hit in 6 days. Here we take a look at the current situation in a 4 hour chart.
Based on the Eliot waves theory I have distinguished 3 possible zones for the end of the correction phase, 2 of which are already lost. Therefore, I believe we are going to visit 28k! If...
eth/usdt is dealing with a triangle, considering the correction pattern which was previously initiated I expect a visit to 1000 usdt. any of the depicted levels and zone could be your potential TP point and DO NOT forget about the stop loss.
As can be observed the Zigzag correction pattern could be in play for btcusdt, from here which is considered the end of wave C I can expect 5 legs down to complete the zigzag.
Tp1 : 37580
TP4 : 31580
Stop Loss: 42890
Goodluck every one
A zigzag corrective pattern (5-3-5) is observed for this pair. In addition, there are two resistance zones above the price, I'd go short with the blue lines as my TPs, don't forget the stop loss my friends.
Good luck everyone
This pair is now enjoying dynamic support, losing of which will probably lead the price downwards to the green support zone, so I would be looking for short positions below the dynamic support. On the other hand, once the resistance zone is conquered, the blue line will be the potential targets.
Good luck Everyone
The pitchfork seems to be valid in this time frame, considering the lost support zone, one can expect the price to test the remaining support zones and the pitchfork bottom. I would not short it yet, prefer to observe the market right now.
A descending trendline has been broken, one can buy long or invest in this pair once the weekly breakout zone and conquered and retested!
Our targets are shown by blue levels.
Back again with another idea!
Having broken out of a descending trend line, this pair has managed to successfully test the trend, provided that the resistance zone is conquered the blue lines could be immediate targets.
Happy Trading everyone.
with the support of immediate and major zones, this pair has managed to get back in an ascending channel, however, a strong resistance zone is keeping the price from trying the top of the channel again, if this zone is conquered one can imagine the blue lines as the immediate targets.
Have a nice weekend everyone!
My fellow Traders
In the daily time frame, it can be observed that a very vital breakout zone is being conquered, a descending trendline is already broken and successfully tested, so the blue lines can be the next targets if the daily zone is retested successfully.
Take advantage of this opportunity