Hello. I think it will go test that trendline. I hope it will not go down from here ! TP: 0.93 Stop loss: 0.86
Fair value gaps sitting below. 0.5 fib retracement should be visited and that would be first retracement wave, followed by a nice consolidation. 40k is definitely coming but 38k is very high probability in terms of my technical analysis. I am sure lots of long interest open position are present right now as there is a ongoing story with the ETF. After 38k it...
Monthly chart provides everything to see for me. Quick fib wave based analysis of mine made me think that BTC price will surely see 20k area, and possibly 19.800 too which is 0.786 fib level according to my calculations. So I expect liquidity sweep down to at least 22k area but I am not sure how deep it can go. I think it can bounce back from 20k or 22k but need...
0.786 pullback and now waiting here a little for accumulation. Target would be 7+ at first expansion but I think it can not go down more than this level. Only seeing it from technical level and not caring about tokenomics but I know first 10 wallets holds %95 of coins :) So this is risky trade by all means but technical analysis will perservere!
I am long because I think sectoral needs for silver will drive price up. Looks like double bottom here and DXY can not hold strong for too long.
This may go test weekly open or more. Already took liquidity from long positions. Dollar is getting weaker.
It did not test weekly open area and looks like it is a three tap, cleared longs before going up. Now it will go up, as DXY is weaker.
Since it could not hold on to 30k, needs to test monthly open area (target 29K) This area also aligns with 0.618 retracement level. Stop loss should be wide because of possible stop-hunt in the fair value gap area above entry.
Sell pressure at monthly open supply level but it still holds demand level here and it looks like power of three test, this will be last test then market maker must go to 22k or more to take liquidity from short positions. Maybe ETH will go up more since it uses PoS but looking at price action it tells me BTC should test 22k+ from here.
Just executed. Let's see. Risking low for big reward.
Nice trick by goverment. They want to put pressure on companies by making them sell their dollars. But this will only postpone the collapse of Lira. Target is 18+ for USD/TRY pair. This will be 3th wave (elliott). Current correction can not go down more than here 15.80 My target is 21-22 for USD/TRY pair. Fundamentally flawed economy will not persevere.
R/R: 3 0.786 fib level correction ended. More down continues. Target: 19k Stop loss can be put to 23K for more safe trade. DM for donations if you want to share profit. Good luck. Note: I got stopped out many times so I am unable to take this trade. Market is super hard IMO.
Everything provided on the chart. Stop loss can be wide.
R/R: 8 I think ETH will go up from here. RSI is oversold.
TP at weekly open (29500) Imbalance filled (touched again) short position here makes sense. This trade is very risky since RSI is not overbought.
Closed the day above range EQ. Seems like it will go test 32k.