Areas watching for this retrace to end or switch to long
Areas on chart I'm watching for the turn back down for an ABC corrective finish. Will measure C once B is known to be in place.
On a larger view we see we've pulled back down to the Fibonacci level of .618 Now looking to see if wave 5 is .618 of 0 to 3 length.
Always watching fib for indication of possible resistance, change or breakouts for continuation. Enjoy the holidays.
BTC Daily, no change in trades holding short. Will change if a daily strikes lower chan. boundary or full breaks.
Watching for possible bounce at channel bottom and .618 pullback. RSI shows we are still pulling back so wait for clear sign or manage entry size and leverage accordingly. See bigger picture attached below...
Watching oil around 78 on downward trendline as well as upper channel. Look for either pullback or breakout.
Gold could rebound at this level. Watching for signals.
Showing support levels and retracement at .7 from all time high but falling along the trend line. Watch for breakout before jump on board. Obvious levels to watch at every psychological 1000 so next low would be 5000. Next daily support at 3000 so watch your toes. If DXY falls will gold begin to look more attractive? Or will DXY continue it's bounce, send gold (...
I love watching long term trends to not only help keep the larger picture in check but also to know areas of resistance I should be aware of while trading lower time frames.
As always, I try to keep the larger picture in mind. This is a very interesting overview.
All is on chart, just watching to see if we get a candle to close down and outside of the channel/trendline. Simple fibs for possible targets.
All is on chart, breakout or continuation of consolidation? We'll see. Personally holding shorts and much deeper longs. Will watch for full candles to close outside of channels for confirmation of breakout, if it's the case. Have fun, be safe.
Fibs and trendlines breakouts on chart. Breakouts have been an easier way to trade cryptos or look for entries. Trying to pick tops and bottoms is much harder and expensive for something that has this much volitility. Ensure you use safe pecentages of portfolio and leverage for your trades. Good luck!
All is on chart. Looking for places of support, resistance and possible next moves.
...while things either pullback or forming pendant.
All is on the chart. Just drawing lines and doing fine.