fib ext 1.272 suggest a retest of previous bottom. catalyst is the good unemployment rate (-0.2% change)
Fib extension 1.414 would take us very very close to ATH.
I hope not to get an other leg up, before reaching the yellow line. I might be wrong, therefore tight SL
Checkout the trendline @ 53.80. high resistance expected there. On the downside, we got support @ about ~49.27 and a stronger one at 47.93
We broke the pink line and oil wants to jump back above the long term uptrend line. Reconsider at 51.94
still got nice upside potential. Check pink line
Bottom tested and bounced hard. Everybody was just waiting to hop on ~ 1200 and they did. A strong support was formed at 1242 as well. Target 1263 reached. But ! I don't think it will go down - cause everybody wants in, thats why the price is still up here..so I expect it to just rise more and more and traders gonna freak out, cause they want in and waiting for a...
Last step was only 2.55%, time to back down and big move ahead?
- ETHBTC flagging, expecting a long here. - BTCUSD reached my yellow trendline, looking for down from here - BTCCYN not clear yet, expecting down, looks a bit bullish - ETHUSD holding support, also flagging, looking for upside test
Yes, I've shorted in the orange circle and gonna hold dat for some months. SL at BE
I'm short for now.
big downtrend beginning for the next couple of months I guess?
crazy action on us open, 4 hour bounced off ~1223 area.
high risk short for now..
I think I've found the channel we're currently in and it looks like we're building a wedge down, which always breaks up. The question then is, how far this last leg will be, before we crash.