BTCUSD : The 18/10/02 scenario B remaining. 18/10/10
HI guys,
So as the support broke, the stop loss triggered. Nice utility when you have 2 probable scenario. I wanna say hi to the new few followers. if you were not there before you surely dont saw last week post :
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I said bulls was leading this week but risk management (ref. : stop loss) go hand in hand with having 2 scenario, if a scenario fail then you can still get out winner. Now one left, last logic card that I have in hand is this 2 of october scenario B :
Since my stop loss triggered at 6450 (support of the last post). I will try to maximize the benefit of the situation and re-enter at major E as you can see up here. We can set alarms in TA.com too to warn us about a move.
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I keep the same logic and same consistency of the big picture.
1D MACD got higher low, telling us that ; on short term the retracement is expected to no go deeper than the previous one and we can still expect further move up on the mid term which refer to the point E
The same ABCDE triangle with different trend data than last scenario. It is the descending triangle corrective pattern. Other than this, for now, I have nothing else to suggest.
So as the support broke, the stop loss triggered. Nice utility when you have 2 probable scenario. I wanna say hi to the new few followers. if you were not there before you surely dont saw last week post :
I said bulls was leading this week but risk management (ref. : stop loss) go hand in hand with having 2 scenario, if a scenario fail then you can still get out winner. Now one left, last logic card that I have in hand is this 2 of october scenario B :
Since my stop loss triggered at 6450 (support of the last post). I will try to maximize the benefit of the situation and re-enter at major E as you can see up here. We can set alarms in TA.com too to warn us about a move.
____________________________
I keep the same logic and same consistency of the big picture.
1D MACD got higher low, telling us that ; on short term the retracement is expected to no go deeper than the previous one and we can still expect further move up on the mid term which refer to the point E
The same ABCDE triangle with different trend data than last scenario. It is the descending triangle corrective pattern. Other than this, for now, I have nothing else to suggest.
Trade active:
I could enter anytime really. You can see it as ABCDE or WXYXZ :
Almost oversold on daily RSI, gigantic volume spike, 3 pattern, 2 three. MACD 1D with higher low, MACD 1W bullish.
Almost oversold on daily RSI, gigantic volume spike, 3 pattern, 2 three. MACD 1D with higher low, MACD 1W bullish.
Trade active:
i really feel that we are near something. Too much correlation that i think Im crazy or my eyes just wanna see what they wanna see but since few weeks we saw something building. Very interesting, i might be crazy tho :
Comment:
ABCDE or WXYXZ its like the same thing. Its the form that diverge.
The 3 structures of WXYXZ would be a
-double three (ABC) = W
-WXY = Y
-compressive triangle structure, ABCDE = Z
Only thing is ... is Z a ABCDE compressive triangle or more a WXY
The 3 structures of WXYXZ would be a
-double three (ABC) = W
-WXY = Y
-compressive triangle structure, ABCDE = Z
Only thing is ... is Z a ABCDE compressive triangle or more a WXY
Trade active:
Some positions taken. Stop loss set. gain 4% from last stop loss at 6450 to 6180 or so now. Dont exclude little subwave 5 :
Comment:
this support resisted a 12 500 BTC volume. But risk managment = stop loss must be set.
Trade active:
All right. The last wave should be starting soon. The 2 level 1-5 wave got a 2.618 extended 3. You see i put the fibo ratio so final wave 5 could end normally at fibo since 3 is the extended but i dont reject 1.618 since it correlate with a support
Comment:
It will complet the last 5th wave that i project with alt coins that i looked
Comment:
My stop loss are under the last fibo extension i will not play this part for few %
Trade active:
The second ABC level are almost in. Quick update with my cell phone :
Trade active:
And repeat fibonacci ratio of the wave 1 to project wave 5 like we did previously :
It gives us almost same target. I honestly dont like to work with chart under 4h like i did previously. More catchy for the eyes in 4H
It gives us almost same target. I honestly dont like to work with chart under 4h like i did previously. More catchy for the eyes in 4H
Trade closed: target reached:
the 2 lvl 1-5 is cancelled. will check it later but ithink the corrective WXYX is overé +6% impulses is our signal
Comment:
happy to have trade with risk management and entered at 6.180k. Bitfinex had an impulse to 7.4k ! NOw sitting at 7.1k
Trade active:
Depending on where it lands, BItfinex chart look to have broken all major resistance trend line. it could mean that my countwith 'end of correction' is valid. high volatility right now so lets wait :
Comment:
Very very strange. coinbase charts dont have broken the second major resistance :
Triple three is a sideways combination of three corrective patterns in Elliott Wave Theory
Guidelines
• A combination of three corrective structures labelled as WXYXZ
• Wave W, wave Y, and wave Z subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree
• Wave X can be any corrective structure
• WXYZ is an 11 swing structure
Fibonacci Ratio Relationship in Elliott Wave Theory
• Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W
• Wave Z = 61.8%, 100%, or 123.6% of wave W
• Wave Y can not pass 161.8% of wave W or it can become an impulsive wave 3