gillianpatrice
看空

ETH/BTC SHORT - Areas of confluence for a Change of Trend

BITFINEX:ETHBTC   以太坊 / 比特幣
ETH has failed at the final gatekeeper 78.6 of the previous move swing (1). Whilst my overall bias is bullish I've scaled my position until price finds support.
FIb #1- overall fib of the ATL             and the ATH            
Fib#2 - the corrective wave after the bull run.
Fib#3- the last wave 5 before the recent correction (price failed here)

I am looking for a level of support where the Bulls may be buying in to ETH as I believe the run is not over just yet.
The first level I am watching is the 0.076862
- a 61.8 retracement level as well as a 50% of Fib#1 and Fib#2. There is also order flow and consolidation or an area where fractals formed.
Price could wick through here hit the 127% extension (green line) and hold the purple line and head toward the ATH             (1) which happens to be a 127% of the move. This makes sense to me so it's definitely the area that I am watching closely to see if there is a change of trend on the lower time frames say the hourly.
A deeper retracement could occur and in this case I will be watching for the level - 0.061624 - is the 0.382 of the major move and the previous leg up it is also near the 161.8% of the last wave, and previous resistance/support. That gives us 4 good reasons to watch for a change of trend on the 1 hr             after price heads down into this area.


Just my trade plan in no way is it advice. Plans don't always work they just keep you in the game longer.
交易結束:目標達成: Our first level of support has just been met by price. Now I'll be watching for a COT /1-2-3 pattern on a 4hr or hourly to reload my postion.
Thank you Gillian!
回覆
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出