Update from previous idea:
broke back into the yellow line, seeing some rejection at my red price box here, not ideal we need to push back above the thin yellow line at least. we are also back to testing the 0.5 fib so thats good news, remember the more times we test the more likely it is to break!
quite boring price action on ETH the now thats why I have been quite quiet I also have been looking at forex a lot more because I want to learn as much as possible.
so currently I am skeptical about making any big move right now, I want to see a clear break to one side and trade based off that, a bullish retest of the 0.5 once we break could be a nice long back unto the 3900 level we are just so close to the big wick like it makes so much sense taking the liquidity from that level.
probably stay at the sidelines putting bids from my 0.414 all the way just below the 0.382 to catch a nice long keep a very tight SL because price should not go any lower than the 0.382 (maybe a small wick to catch SL before big move up)
a couple ideas to think about I really want a bullish January would be nice to see and if we don't get it then work towards being able to make every situation profitable!
broke back into the yellow line, seeing some rejection at my red price box here, not ideal we need to push back above the thin yellow line at least. we are also back to testing the 0.5 fib so thats good news, remember the more times we test the more likely it is to break!
quite boring price action on ETH the now thats why I have been quite quiet I also have been looking at forex a lot more because I want to learn as much as possible.
so currently I am skeptical about making any big move right now, I want to see a clear break to one side and trade based off that, a bullish retest of the 0.5 once we break could be a nice long back unto the 3900 level we are just so close to the big wick like it makes so much sense taking the liquidity from that level.
probably stay at the sidelines putting bids from my 0.414 all the way just below the 0.382 to catch a nice long keep a very tight SL because price should not go any lower than the 0.382 (maybe a small wick to catch SL before big move up)
a couple ideas to think about I really want a bullish January would be nice to see and if we don't get it then work towards being able to make every situation profitable!
