Hello Crypto lovers.
Today we will take a look of the technical analysis HIVE 1D / BTC 4h / SOL 1h
HIVE 1D
Yesterday the price almost reached the 50% of Fibonacci levels which is around 0.72$. This clearly show us, that Hive has a lot of potential and soon we could see higher highs. I am expecting the price to proceed with the pullback to around 23% of Fibonacci levels, which is around 0.47. In case that the price bounce from this levels, we could open our long positions and take some good profit till 50% of Fibonacci level / around 80% profit / I recommend you to trade with 1:3 Risk Ratio.
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Let me know if you guys having the will to make an detail post for "Risk Ratio" and how exactly am I trading.
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BTC / 4h
Seems that the bears are still not gone. Yesterday the price brake the cruitial 23.60% of Fibonacci and the downtrend still remains. In the best case scenario we will expect the price to hit 18k$ as a double bottom and bounce from there. If this happens and we have " Buy " signal from our indicator we could open " Long " positions. Once again we can look to 1:3 Risk ratio Loss / Profit
The chances for BTC to hit 18k once again are big, so keep it in mind.
I recommend to not open a new trades till we don't have any clear direction.
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Are you finding the Fibonacci levels helpful ? Let me know in the comments.
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SOL 1h
The downtrend of SOL still remains. Today I expect the price to hit 23.6% of Fibonacci, which is around 30$. In case that the price bounce from there I will open some " Long positions ", because I still think that the SOL is one great project with full potential for further grow.
If the price brake the 23.6% of Fibonacci and fail with the retest, we could open some "Short" positions till 27$
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What do you think for the market today ?
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Regards!