Ethereum Fibonacci Levels!

2021年1月12日

This chart is an extension of my last idea. I drew the Fibonacci retracement from the last high to the recent low and it coincidentally matches up with my T/A.

I'm even more confident with my idea now if this plays out; nice profit!


Trade safe with a stop loss, the stop loss on this chart is just below the previous low in case we form a double bottom pattern, I shall be looking out for this in addition to a pin bottom reversal. In order to identify this pattern, there must be a rejection of lower prices that gives traders the impression that the price will return to an uptrend.

2021年1月12日

註釋

If you're new to trading then realise, you shouldn't enter a trade while the market is moving up. Entering at these low levels has shown consistent results with my strategies in a bull market.

2021年1月13日

註釋

We made a nice higher low!

2021年1月13日

註釋

Looking like we may have seen a bounce at the .5 fib