ETHUSD targets reached: Ethereum re-entry zones to watch.

٥ يناير ٢٠١٩

ETH topped at the Green 4.236 fib extension.
I did not have time to post an idea, but I mentioned its top in Crypto Chat as seen at this link:
tradingview.com/chat/m/fe31f084-ae89-4750-a717-59e64aae14ff/

Now looking for support zones.
Upon measuring the first dip from the 4.236, the green zones in live chart above are what I see for possbile re-buy.

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Background:

My ETH journey started a Fib observation from the bottom

Once that played out, I was looking for the retrace zones to enter long again

Above zones played out and as bounce progressed I saw 152 and 156 as possible targets

Then I saw the top coming, sold, and was looking for re-entry zones:

Got some long scalps in per above plan, then I saw another leg down to come

The above plan kinda worked, but ETH was more bull than I thought. So now that we have hit another top, watching support zones with current plan

٥ يناير ٢٠١٩

ملاحظة

I am suspicious of this first bounce. We need an ABC what I intiallly though would be ''Minor Support'' now looks likely to be hit, and perhaps even bounces from there. But I would still prefer to see the ''Good Retrace'' zone hit and then bounce with Vigor.

٥ يناير ٢٠١٩

ملاحظة

Here we are at the red 4.236 shown in last snap shot lets see if wave A ends here and we get a wave B bounce

٥ يناير ٢٠١٩

ملاحظة

Wave B looks to be under way now we just need BTC to make its wave 5 on this 15min plot

٥ يناير ٢٠١٩

ملاحظة

Spoiler: if you drag DOWN on the price scale (to squeeze chart vertically) you can see more zones above and below current window, like this tradingview.com/x/lUa1TrvX/.

٥ يناير ٢٠١٩

ملاحظة

ABC in progress, might be starting wave B

٥ يناير ٢٠١٩

ملاحظة

Coming up a crucial price zone end of wave B? or is the ABC total BS and we just going up? about to find out here
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٥ يناير ٢٠١٩

ملاحظة

Here we are as expected some profit taking right off the bat. Now the question is: will Bears get in short on the back of Bulls taking profit ? lets see
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٥ يناير ٢٠١٩

ملاحظة

Possible rejection here. The piercing of the red 1.618 was a sign this might continue down

٥ يناير ٢٠١٩

ملاحظة

ETH struggling here as expected looks like a wave 5 up is finishing here
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٥ يناير ٢٠١٩

ملاحظة

Rut Roh, an EXACT reflection off bottom of this zone adding to my confidence in wave C to come

٥ يناير ٢٠١٩

ملاحظة

As feared, that exact rejection at bottom of Fib zone seems to be gaining momentum next important line is the red 2.618

٥ يناير ٢٠١٩

ملاحظة

ETH wave C down looks to well into the path. Loosing the Red 2.618 was a bad sign, after losing the blue 1.618 and confirmed at resistance

٥ يناير ٢٠١٩

ملاحظة

ETH 155 is the key price to watch rn pretty serious Fib confluence there, but I expect lower

٥ يناير ٢٠١٩

ملاحظة

Retrace plan still looking valid, or at least not invalidate yet am about to pass out, so am placing laddered buy limits in my expected bounce zones now...
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٥ يناير ٢٠١٩

ملاحظة

Finally, wave C happened measuring now to see if C looks done or not
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٥ يناير ٢٠١٩

ملاحظة

Test of 152 seems likely, 150 round maybe. If 150 breaks, next stop 146

٥ يناير ٢٠١٩

ملاحظة

All fibs still in sync. And showing a nice SL placement

٦ يناير ٢٠١٩

ملاحظة

Here we are starting to fill my ladder of limit buys down to 150 round
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٦ يناير ٢٠١٩

ملاحظة

I am thinking it was a stop hunt below 150. Proof will be if it goes back above 150 quickly.

٦ يناير ٢٠١٩

ملاحظة

This Fib still seems to be in control in my live chart and snaps, I ignored the 3.0 Fib, because it is not very commonly respected. However, looking at the action around the 2.382 and 2.618, this appears to be the consolidation zone and thus every fib line has signficance.

٦ يناير ٢٠١٩

ملاحظة

ETH wave count looks plausible for a completed ABC. Need to cross and hold that green 3.618 to confirm

٦ يناير ٢٠١٩

ملاحظة

Need to break and hold this green 3.618
with would confirm to bulls that correction is done.