mehmetwehbe

mehmetwehbe

We can see on the daily chart we have a possible ABC waves with Wave C targeting around 17k to 17.3k So if BTC can keep a price action above 16210 we can keep the Wave C targets

mehmetwehbe

Wave 4/C can end between 24363 - 25127 To avoid this dumping scenario BTC must breakout 26267 on a daily closure The key to the downside is by breaking down below 22340.2 on a daily chart

mehmetwehbe

Keep your eyes on the orange trend line breakout give us targets 0.5468 - 0.6238 You don't want to see the coin under 0.4777

mehmetwehbe

Keep your eyes on the orange trend line a breakout can lead us around 1.166 Nearest support 0.962 - 0.881 Possible stop loss daily closure below 0.788 nPOC If SRM can breakout 1.166 and turn it to support that can lead us to reach 1.762

mehmetwehbe

We can buy between 10 to 8.45 The real-up movement will start by breaking out at 10.30 Zone to take profits between 12 - 16

mehmetwehbe

If BTC can hold 20700 we can set a target to hit the wave B between 22250 - 22800 zone (irregular flat) The first key to watch is 21700 below that level we have the first support at 20700 and 20400

mehmetwehbe

breaking out above 3.714 we will be targeting 4.136 up to 5.108 important to watch

mehmetwehbe

we are watching 21.2k and the 19.5k levels If the 19.5k will be broken so prepare yourself for a 19k - 18k zone test Big-up movement can happen by a breakout at 22k to reach 22.8k - 23.5k zone

mehmetwehbe

Must keep the 2.7k level, but the MACD can lead us to test the level between 2700 - 2450 The resistance level at the moment is 3k

mehmetwehbe

We are facing a hard period, especially for the bulls, one point to watch is the DXY level. If we can see a breakdown below 95.90 that will be good for the BTC. The big deal is the possible interest rate hike during March, this hike can lead to pumping the DXY.

mehmetwehbe

Gala's forming a bull flag atm, so basically if it's going to play perfectly we can expect a long between 0.585 and 0.600 with a tight stop loss at 0.570 because losing this levels can lead us to test 0.50 support area. Targets are in green colour.

mehmetwehbe

Ethereum price is sitting now in the support box we can expect two scenarios a revisit to hit 4.45k or a retest to the support levels 3.7k - 3.8k If we lose the 3.7k support the next one will be at 3.4k - 3.2k

mehmetwehbe

We have at the moment to scenarios the green one (1) the path that can lead us to visit the area between 58k-60k Or the red one (2) the path that can be heading to visit the support area between 49.3k - 51k I have to mention that the 55.3k level is now acting as a resistance

mehmetwehbe

Simply if we are going to lose the demand zone between 52k and 54k we will be heading to test the support level at 49300 We also have a CME gap at 54425

mehmetwehbe

For the ETH it's a choppy state a mixture between the down and up to the trend, we can see the price hit 0.65 fib retracement at $3929, we also have some support levels at 0.702 $3853 and 0.786 $3731 these levels will be good entries for a long position.

mehmetwehbe

In my last published idea, I've mentioned that if we lose the 56k zone we will be heading to test the 53k zone and I've already bought my position and I've added some bids at 52k but loosing the 52k zone on the weekly closure will be super bearish for me. We are still moving in a downtrend since the 69k hitting and BTC lost around 22.5% of its value. Today covid...

mehmetwehbe

If we are going to lose the 56k level I will be putting my bids at 53k and 49k But a weekly close under 52k will drive me to sell my spot coins and tokens and keep my hands on the daily trading to see a good entry for a bigger position in the spot

mehmetwehbe

If we don't see a break out above 58.5K we may revisit 52k-54k for a full retracement