FiboWhale

FiboWhale

! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run. I am watching this possible formation. Wave counts /volume signature match sofar - Keep in mind this is in a daily timeframe - Remember that this formation is only confirmed if there is a breakout with volume above average / Increase in Open...

FiboWhale

! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run. A quick trade for a Saturday morning. - Only enter at backtesting after breakout *with volume above average.* - Targets are horizontal levels - well-respected sofar. - Stops if a fakeout happens - Flipside (long/short). Trading level by level...

FiboWhale

BTC is back in the channel, respecting very well the key horizontal levels retesting the trendline as resistance. - Shorts at the rejection from the horizontal daily level / Trendline (around 54k) targeting the bottom of the channel or 50k-49k region. - Shorts stop loss or Longs open only after consolidation above 57450. #btc # bitcoin #technicalanalysis #chart...

FiboWhale

! Not financial advice but someone sharing his trading diary! Make your own plans and you will do fine in the long run. AAVE seems to have finished an abc correction and is getting ready to move up and start a new impulsive wave. Pros: - It bounced from a local 618 Fib + Monthly level. - Market structure on the daily and weekly timeframe is changing. -...

FiboWhale

! Not financial advice but someone sharing his trading diary! - Make your own plans and you will do fine in the long run. Watching the consolidation below the previous channel and the Market Structure at 15 min TF. - Safer Short: If it makes another local higher high, I expected this fractal to play out and bring the price up to test the trendline / Daily level...

FiboWhale

! Not financial advice but someone sharing his trading diary! - Make your own plan and you gonna be fine in the long run DXY Is preparing to reach local Fib extensions / Previous consolidation - This is short-term bearish for everything else (I am relating mostly to BTC and USDT Altcoin pairs). A correction scenario is more likely. - longs are safer again if it...

FiboWhale

! Not financial advice but someone sharing his trading diary! Make and follow your trading plan and you will do fine on the long term. BTC broke out of the symmetrical Triangle and bounced from the bottom of the channel. Next move can be towards the weekly level where it can see an acceptance or rejection. I know now people can buy Tesla with Bitcoin but this...

FiboWhale

! Not financial advice but someone sharing his trading diary! Bullish case: - Link is bouncing from an important trendline (from Dec 2020). - found support also on a local 618 Fib - Found support on a 618 Fib (Pitchfork) Target: Midline of Pitchfork / Local Channel Invalidation : Breaking down the Channel w. strong volume. Risk: 1%

FiboWhale

! Not financial advice but someone sharing his trading diary! Another channel in Cryptoland. Entry: - Wait for a retest of the bottom to buy and hold - Ladder in a possible liquidity hunt - TP1 : Midline - TP2: Upperline - TP3: 1.618 local Fib extension - Invalidation: 0.5% below local lower Wick. Risk: 1%

FiboWhale

! Not financial advice but someone sharing his trading diary! - Price might hit the midline + 618 confluence and then bounce or pullback to the bottom of the channel. Invalidation on the wick below the Breakout. - Something else to watch for: There is a high volume node right at the top of previous intraday candles that can serve as strong local resistence. -...

FiboWhale

!Not financial advice but someone sharing his trading diary! Ethereum is in a nice accumulation around the local 618 retracement. Targets: Weekly levels Invalidation: Lower wick outside the range. Risk: 1% #eth #ethereum #crypto

FiboWhale

! Not financial advice but someone sharing his trading diary! - Long the bottom of the channel / Short the top - Pay attention to the important levels - volume nodes Invalidation :Previous High (Short) / Low (Long) Risk: 1%

FiboWhale

! Not financial advice but someone sharing his trading diary! Preparing a bullish and a bearish scenario in case this pattern plays out. - 1 Fakeout - Enter at the backtest of the weekly level (acceptance or rejection) + Daily open + Session VWAP + Fib confluences + ... - 2 Breakout - Enter with STOP MARKET if pattern breaks out with high volume + Increasing...