Possible outcome here for LTCUSD, although our sample size for this play is small, it Litecoin follows this same pattern you can make some nice gains out of this trade
ETHUSD Long Term Short Target, as you can see this would bring us to the next support zone on higher TF. Not likely to break out of this channel anytime soon
Short term long target for ETHUSD, Easy entry at this current low retest. Safe play with good R/R, Tight stop placed under current low.
ETHUSD is looking like its wants to retrace a bit to re gain momentum. As we can see its broken the trend line. Easy buy zone targets, Fib support & Previous resistance will flip to create support level. Also looking at Volume Profile we can see it will likely help hold us at those first targets. You could try a short scalp to those levels, with a stop at top of...
I've been waiting for a good trade setup since the rejection at 4200, if you shorted that level or the break down, congrats that was a decent % move. BTC might be forming either a pennant or a channel, so we can put a target in place that will be realistic before re assessing where we may go. A break down of this current low would send us for a test of 3200....
Looks like LTC is showing us the way upwards. We can draw comparisons from when LTC lead the upwards move from the bottom of the down trend. It will be game on once LTC breaks this neck line
LTCUSD Has proven itself as the leading indicator for BTCUSD. This shows some important levels. Chart speaks for itself.
BTCUSD Chart showing break out level and a target. This is based off LTCUSD being the lead play and BTC following suit like it has done in the past. We can see that a break out is likely soon
BTC USD Fib play, as you can see from 3300 descending wedge we broke upwards to go into a 3 drives up pattern, chart explains how this works with the key fib levels. Each time this pattern plays out it will be slightly different, fib levels are just a guide line to the buy/sell zones. Use proper risk management when entering these positions. I have charted how...
I'm expecting continuation of the bullish momentum of ETH, but its walking on a knife edge atm, could easily break the trend line and disappear into the abyss.
BTC looks like it will be making its way upwards, following the path of LTC as the lead indicator.
As we all know bitcoin loves triangles/wedges, so heres one for ya, likely to break out to the upside, first target is the heavy resistance at 4400. Great risk reward trade if thats what your into, if taking risk early isn't your strong point, you will likely fomo the break out and get chopped by the retracement. Goodluck!