Eth consolidating and playing range bound games, easy pickings for anyone familiar on range bound entries. Simply using wick play or VPVR they bring similar results. Have been awaiting a move back up to the 1600 level ready for a next move. When overwatch switches to upside, im expecting the move back up to 1600.
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Moving nicely, back at POC of range after dipping into value, OVERWATCH daily switched to upside.
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Can see the Daily overwatch (right / bottom pane) is slowly grinding to upside. Lowertf retracement back down into the entry area. As mentioned before, range bound trading, levels set nice.
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some updates, looking great and moved as expected, price moved directly up through poc and trendmaster level (low tide-black line from previous post where price was located) this continued up to the upper value area high, level of upper resistance from local last swing high. when i posted the original post, that swing high did not exsist so i placed path tool direct upto the white upper end of the range. The VAL and resistance has pushed price back down to retest - POC and scalper level (red / green moving average) aswell as holding onto the broken trendline. Daily and 12hr Overwatch pane has both switched to upside, lets see if we can get a double digit move!
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Holding these support areas on 4hr / 12hr for now, OVERWATCH still to upside, awaiting rocket to upside...
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Didnt need to wait long :) OVERWATCH - Nailed it again! At first area of interest...
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Target level reached (for this posted trade idea) i have extra profit targets i posted via my youtube videos, but for now, this is enough for the trade setup, monitoring 1hr overwatch boundaries and divergences printing.
Trade closed: target reached:
Left 8% running...
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Looking for possibilities, was good to get out then, consolidated and ground down, currently awaiting updates... 1hr overwatch was telling me to hold off as above images, we have hidden bullish divergences now... 4hr switched to downside, but daily and 12hr still in positive bias, so could see more upside, but awaiting this retracement to finish and look to scale some positions.
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12h/daily Overwatch status
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Laid out like above, is a good visual to see the PA & Overwatch status across the board. Good luck!
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Made it down as far as the 78.6 before sending... securing profits
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BING BONG - At short term target, divergencies printing, getting nervous, BTC at the main trendmaster high tide level also, Which could mean that these pair are in for some kind of releif to the downside, currently moving over to BTC now to monitor and to see whether the main trendmaster level breaks, see my new idea for updates.
