Here is an idea for BTC. Busy chart.
Price rises to the previous swing low in the 8400-8500 range.
Pull back to 8200-8300.
Then I expect the 3rd wave of the 3rd wave up to be a good move.
Maybe get us up to the 9150-9500 range.
I have price testing the .382 Fib from the Dec 15 Swing low.
Interesting confluence with the YTD and VWAP from that low, .5 fib and 200 moving average. Price is also below the 128 Day MA.
If we get there, I am looking to play a bounce back to the bottom of the triangle or area of current support.
SHORT NASDAQ:FOSL at 12.52.
This one is a bit out of my comfort zone and will be a new strategy for me.
With the 200 DMA and YTD VWAP nearby overhead, and the previous candle a TD 9, I consider this a low risk trade.
My gut tells me to wait for a red 2 below the red 1 before entering.
And one should always trust their gut.
My stop will be above the recent high.