Ralphho

Ralphho

Green line broken = long Red line broken = short

Ralphho

Where dgb showed some recovery, the price now reached the level of the 4th wave in 2018. If this support level is broken, the gap down is huge. So for the gamblers; perfect level to get in with a very tight stoploss. For everyone else; stay out till the price gets out of this very risky zone...

Ralphho

Btc is following the pattern we expected, allthough the correction goes deeper then expected. This makes us sharp on when we need to adjust our direction, as we dont want to be biased. So far, we continue to accumulate. When the previous 4th wave level gets broken (<7.500usd) we will start to turn bearish. For now; we buy while the blood runs through the streets!

Ralphho

Buying opportunities are there and the patience is paying off !

Ralphho

At the moment the volumes are horrible, the price reached resistance level (see chart) and the AO is at the zero line. So no good news for the short short term. But it’s all still a regulare retracement which might first take it a bit lower (€8.500) or it will break out from the current range. So there are good R/R entry points passing by and enough time to accumulate.

Ralphho

This week we saw another retest by the dow on the upper side of the channel. We just patiently wait till the fractal level (red line) gets broken on the downside.

Ralphho

Expectation unchanged, patiently waiting to accumulate below $9.000. If it breaks out on the upside, accumulation at a less sharper price... Short term: short Medium / long term: long

Ralphho

My first crypto coin I ever bought was $dgb. And therefore I still like to track it. It seems there is finally some good news for DGB holders on the chart: - the price found support on the price levels of before the enormous price peak. - the last correction wave pattern seems to be in it’s last part, or even has ended already. From here there seems upward...

Ralphho

If you have been reading my posts ;)

Ralphho

For the short term this would be my perfect scenario.

Ralphho

We are in this downwards move from the top and when the fractal level is broken the short position (red line) will be extended. A first attempt took place but didn’t closed below, but some resistance is what can be expected at this level. Note: when/if it breaks, a short free fall could follow.

Ralphho

Bitcoin is heading to the 61.8% area around $8.500, if it gets there it will be a great area to accumulate. Short for the short term; bullish for the mid and long term!

Ralphho

The dow is giving us exactly what we expected and we are almost at the fractal level where more shorts can be accumulated.

Ralphho

On the short term the dow retraced 50% of the first leg down and could look up the 61.6% level. What the chart currently shows is that there is much more appetite in the move down then there is going up. As long as this remains I remain on the bearish side.

Ralphho

So far no reason to change the strategy; trend is down and we are back at the 50% retracement level of the first leg down. When the red line (fractal level) is broken it’s a signal to accumulate more shorts.

Ralphho

The Dow nicely follows the expected path and the fractal is getting within range. Ones broken it can be used as trigger to extend the short positions.

Ralphho

The previous idea on the Dow made it possible to get in short with perfect timing. From here onwards I will be looking to add short positions evrytime the fractal levels are broken (red line). For agressive traders the current 50% retracement level could be considerd as a trigger to extend positions.

Ralphho

And it seems to be just the beginning of a significant retracement.