Looking for an intraday trade after seeing the Breakout of the Parallel Channel, waiting for a healthy retracement in order to take a LONG
Since we have a macro plan, I would like to start working on the minor time frames to try to get some profit until the macro plans start. I'm going to take a LONG position with a parabolic movement that could match the macro Wedge to bring us to the top.
I'll continue looking for the behavior of this cryptocurrency, we missed the 1H fib retracement from the previous idea in order to work on that wedge taking a LONG position from the beginning, so since we didn't catch that movement, I'm going to wait for that high, see how is the reaction an then take a SHORT to trade de Wedge until it breaks. Following Idea:
Looking for long in the fib retracement with VAH as a confluence, this trade is being made in order to take a SHORT in higher prices
I've been looking at RUNE, After being able to set what seems to be a pretty good range, I'm going to wait for that Fibonacci extension to see how to price reacts at that zone. -We have a juicy node that matches that 4h level -Breakout seems playing well, currently looking for support trendline after breaks -Waiting for the same reaction in BTC, that might be...
I'll be waiting for that SFP at the bottom since we have touched the same point at least 3 times in the current range and we used that level previously in the past. An SFP will not be crazy since this matches with a descending wedge which can take us to the previous range POC.
Before we drew a Crab Pattern that works perfectly, so based on the theory its supposed to move near to Point B of the harmonic, if that is the case, we have the VAH, 4h flip leve and also 0.5-0.618 fib retracement that are good confluences to our analisis and make this trade a high probability trade.
I'm waiting for lower prices from today since we can lose the local uptrend to continue with the HTF downtrend, with this tendency being broken we can rejoin the previous local range from VAH to VAL and even lower. We have the general POC of the entire market record from the Bybit chart also a 4h level flips near as well. If the harmonic plays, I'm going to...
I'm currently looking at this 15m chart and notice a possible crab pattern since I've got a long position open from 25776. I was waiting for 0.618 fib retracement in point C to charge my position but didn't work, after the retracement finished, I just charged anyway. *Summary: I'm waiting for that D point in 1.612 to take a profit of 75% and then open a new...