ETH/EUR: Time for Some Retrace Entries!

The crypto market has provided us with some nice five waves up off the lows, and has seemingly begun the next degree wave 2's. Time to scale in!

I believe we are in a B wave up right now, which naturally will be followed by a C wave down. I have lined out the Fibonacci retracement levels it will most likely hit, and will set my buy orders at the 0.382, 0.5 and 0.618 retracement levels. The stop will be at the 0.768 retracement level.

Once the start of the C wave is confirmed, it can be projected, and we can then look for confluence with the larger degree fibs (the green ones on my chart) for a more precise entry. But since the C wave can take the form of a sudden spike while you're asleep, you may want to have your orders ready!