mfilippi

mfilippi

we are holding the bag for the long term

mfilippi

thepatternsite.com bullish pattern

mfilippi

some test on eth/btc

mfilippi

we are near the goldenpocket 0.61-0.63% level my strategy is: - close long near 8000$ - open buy position at 7300$ for 0.78% fib level ( 50% budget), - open buy 6430 1% fib level (50% budget)

mfilippi

some ideas

mfilippi

wait the small retracement of handle for the target at 7400$, next resistence 7200$

mfilippi Updated 

it's see that we are on 5th wave. don't buy yet hight risk of falling knife. wait the A-B retracement wave

mfilippi

Double top and bearish divergence on 1hour time frame, maybe sell on short term

mfilippi

If after this strong retracement does not breake the resistance trend line will be a rejection maybe to 0.5 or to golden pocket ( 0.61-0.63) fibonacci retracement

mfilippi

good news, it's time to buy for long mid/long term

mfilippi

on 1h timeframe there is a bullish divercence on RSI

mfilippi

target +/- 300$

mfilippi

the price can drop of 500$ close your long position

mfilippi

double bottoms and double tops if btc doesn't breake the trend resistance ( or MA) it's probabily can test the support zone ang again go to be compressed

mfilippi

Btc can be compressed by the 21MA ( supported twice) and 100MA(resinstence) on 4h charts Big volume resistence started on 7000-7200$

mfilippi

possible trend line resistence

mfilippi

oversold Kdj and trianglepattern formation on 4h and a breakout with big green candle

mfilippi

nice rebounds on 61-65% fibo retracement, and golden pockets was reached.