Trader-Elisa

Trader-Elisa

#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...

Trader-Elisa

#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...

Trader-Elisa

#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...

Trader-Elisa

ETH broke resistance however after attempting twice to get back to the higher levels has fallen back below taking back the lower level with a large wick. The rebound didn't retake resistance as I had it drawn previously, but it is a slightly debatable zone. This move is interesting as BTC has not performed the same retracement, although as I commented yesterday...

Trader-Elisa

#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...

Trader-Elisa

Slightly differing to BTC as the recent fall didn't break local market structure the lows of the 24th. Therefore is much closer to taking out the highs at 222 although has rejected 3 times off the 214 level so far. The break of local trend yesterday gave a nice little short if you saw my post. The lower trendline at this stage is hypothetical and unconfirmed by...

Trader-Elisa

Apologies for lack of updates on this the last couple of days. Partly because with all the wicks and manipulation it was hard to judge what it may do! We were holding the range betweem 9390 and 9530. Yesterday we broke up from the range with a big wick to my next level at 9890, but ultimately couldn't hold over 9610 which is a critical level for breaking market...

Trader-Elisa

ETH remains more bullish than BTC, unable to take out the lows or break $200, and instantly making higher lows off the first bounce and frankly if I'd seen it a couple of hours ago I would have longed! As it is I need to wait for the next dip. Obviously expect similar PA to BTC, a bunch of price levels untested above without wicks leaving short stops behind, a...

Trader-Elisa

#BTC #UPDATE - So I guess I was right to be wary in my last post with the low volume manipulation - with the two large up - down moves soon after. Perhaps it was a no brainer that we would head up and take out 4 levels and all the stops above them (I don't think I've previously had so many arrows quite so nearby and close together.) The drift of death back down...

Trader-Elisa

Trying to break, wait for a decent candle close and ideally a retest above 900.

Trader-Elisa

Wait for a couple more green candles before entering to confirm support holds. The level is a historic resistance. Candles are yet to show bullishness.

Trader-Elisa

Well I managed to lose all the information from the actual chart due to some issue with layouts so this analysis is in the form of pictures! Analysis of how levels are broken and retested. Note there is always some objectiveness with regard to wicks - in this example I have ignored a couple of the wicks at the start based on later price action which you obviously...

Trader-Elisa

We have had a bounce on a good 78 retracement level similar to BTC. If IOTA can break 8k I'd be watching a play out of this butterfly harmonic.

Trader-Elisa Updated 

Hoping with the volume on the prior run this is ready, so far price is holding this level as a new support and squeezed against downtrend resistance now too. Bollinger bands squeezed inside Keltner Channels on 1h indicating an upcoming move, RSI rebounded, Stoch/Stoch RSI are pointing up and MACD close to a cross. Not overly ambitious targets, just looking to...

Trader-Elisa Updated 

A second bounce on the 70.7 and a higher low made on the trendline. You can either buy now or wait and see if price comes back a little closer to trend. We have almost a month of consolidation in this range and the recent spikes show larger buy orders coming in clearing out sellers in the next range above. Indicators are looking good right now. On the 4h...

Trader-Elisa Updated 

Looking for a bounce on this level - no bounce, no buy!

Trader-Elisa

LRC - risky trade because aren't they all right now! I'm hoping this trendline confirms and then we are looking at a similar push to local resistance as many charts have right now. I like LRC as it came down fast therefore didn't have a chance to build strong support at higher levels. Regardless, I am again taking conservative targets until the market shows...

Trader-Elisa

#RLC - still holding and has given a few opportunities to buy on the trend line if you've been watching. Now I am looking at a solid break and retest of 730. If that can happen then stop can go right below 730, first target 780, second 844. Conservative for this market. (Careful of this in light of EVX's break but fail on the retest yesterday).