CountOnCrypto

Ethereum Fibonacci Levels!

Long
BYBIT:ETHUSD   Ethereum / U.S. Dollar
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.
Comment: 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.
Comment: We made a nice higher low!
Comment: Looking like we may have seen a bounce at the .5 fib

Comments

Moooon...
Eventually 😄😄..
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CountOnCrypto distinctFerret21168
@distinctFerret21168, Yes eventually, after we finish consolidating and the price stabilises we'll be ready for the next move.
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rsi on 90min 4 hr 12hr still going down
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CountOnCrypto wytewonder
@wytewonder, if eth keeps going up then that'll mean there's a divergence
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after we dip further
BTC will correct more and we follow BTC hand n hand
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CountOnCrypto wytewonder
@wytewonder, alt season mate, BTC dom tops out
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Choo choo on the profit train 🚆 again. The man, the myth, the legend is here!
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CountOnCrypto DietMondo1
@DietMondo1, you know it!
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Looks promising!
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CountOnCrypto ccgroupconsulting
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