Hello traders,
Been in the crypto space for already 7 months and i feel the learning curve is finally giving its rewards.
Been working on this one together with jfiedler using elliot waves with yesterday after catching the last drop.
BITFINEX:ETHUSD is reproducing the last fractal in a higher scale, right now we are in the final ABC before a possible move...
Someone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer...
The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well).
If we entered...
TRADE UPDATE
Previous analysis:
Please see original analysis linked below for in-depth explanation of our long bias.
We are still awaiting a break above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
