MaryJane
Short

Pivot Resistance still alive: 680$ is still the level to watch!

BITSTAMP:BTCUSD   Bitcoin / Dollar
941 2 41
5 months ago
680$ - this is still the Level to watch! Trading below that Level indicates a bearish momentum - Trading above 680 will brighten the Chart, the main uptrend can possibly be resumed

At the Moment, we have four Trends:

- Midterm downtrend: red 1-2-3 counting: As Long btcusd             are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd             are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd             trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd             are trading above 622$
. SHould btcusd             trade above the last valid "2" the tp could be 680$

Here is the Explanation for this simplified style of counting
Introduction into 1-2-3 Trading Pattern


Former Analysis:
The holy Fibo 61,8%
The holy Fibo 61,8%

Trying to catch the correction of the correction?
Trying to catch the correction of the correction?

Longterm resistance turned into support?
Longterm resistance turned into support?

New shortterm "3"?
New shortterm  "3"?

A flag -is that true?
A flag -is that true?

HERE IS THE EXSPECTED BREAKOUT!
HERE IS THE EXSPECTED BREAKOUT! P&L: 57

Explosion ahead?
Explosion ahead?



5 months ago
Comment: The counting has to be adjusted. The Little green and the orange Counts are no longer valid
snapshot
5 months ago
Comment: Btcusd hast reached THE CENTRAL ACTION POINT at 680! Trade preparation...long above 680...short below

Related Ideas

oaksacorn
5 months ago
Very nice. Great work as always. We will chop a bit under the 682 evel. Then up through in classic acsending triangle fashion.
Reply
MaryJane oaksacorn
5 months ago
thx
Reply
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