BTCUSD STATE OF THE MARKET. HOW CAN 3K CAN BE POSSIBLE ?
Hi guys,
Tonight im making a full update of BTC which should be valid for few days. I invite you to read the last BTC post if you feel lost in my explanations.
Here are the scenario I see :
Scenario A (bullish)
If fibo 0.618 hold along with price staying upside the MA 26 would make. You remember that I said : reject the count if price going under 9076 which would make wave 4 overlap wave 1. This count doesn’t bring/take into context a possible 1d macd crossing the signal.
Scenario B (Mixed)
This scenario involve my past count that you can find on my post history. This count involve fractals and is the most tricky one to understand for the beginner of EW rules. It implies that we finished the bear market at point E with a bull wick and we completed subwave 12345 of a major wave 1 then boucing for A=8.5kish at 1D Ma 200, B=10.5kish at ichimoku conversion line/lead 1 and C at 6.7k at 1D MA 300 for major wave 2.This scenario is invalid if we fall under point E which is 5.8kish. If we fall under it, it would mean that 2 overlap 0 and by logic you should understand that an hidden count is on going. This one give more weight the MACD 4h crossing signal by the bottom.
Scenario C (Bearish) – Original post
This one is scary. But my job here is to write about what I see. It implies that we are not finish with the bearish market. According ABCDE log count with trocanted ABC correlated with log trend. This one is my favorite, it implies so much of interrelations that it makes it beautiful to see that this might happen. It would almost make a coordinated harmony, a well executed dance between every indicator.
Implying a bounce at A=4.5k then rejection at fibo 0.786 to finish at point E/1d MA 1000 at 2.7k ish
The harmony of this projection continue on the 1W chart where you see these values again. Ichimoku lead 1-2 + 1W MA 100 + Bollinger price statistics shows that a landing betwee 2.7-3.3k I possible along with a fibo ending at 1.7k. Conjugate with it a 1W MACD that says that he is maybe not finished with the correction :
Tonight im making a full update of BTC which should be valid for few days. I invite you to read the last BTC post if you feel lost in my explanations.
Here are the scenario I see :
Scenario A (bullish)
If fibo 0.618 hold along with price staying upside the MA 26 would make. You remember that I said : reject the count if price going under 9076 which would make wave 4 overlap wave 1. This count doesn’t bring/take into context a possible 1d macd crossing the signal.
Scenario B (Mixed)
This scenario involve my past count that you can find on my post history. This count involve fractals and is the most tricky one to understand for the beginner of EW rules. It implies that we finished the bear market at point E with a bull wick and we completed subwave 12345 of a major wave 1 then boucing for A=8.5kish at 1D Ma 200, B=10.5kish at ichimoku conversion line/lead 1 and C at 6.7k at 1D MA 300 for major wave 2.This scenario is invalid if we fall under point E which is 5.8kish. If we fall under it, it would mean that 2 overlap 0 and by logic you should understand that an hidden count is on going. This one give more weight the MACD 4h crossing signal by the bottom.
Scenario C (Bearish) – Original post
This one is scary. But my job here is to write about what I see. It implies that we are not finish with the bearish market. According ABCDE log count with trocanted ABC correlated with log trend. This one is my favorite, it implies so much of interrelations that it makes it beautiful to see that this might happen. It would almost make a coordinated harmony, a well executed dance between every indicator.
Implying a bounce at A=4.5k then rejection at fibo 0.786 to finish at point E/1d MA 1000 at 2.7k ish
The harmony of this projection continue on the 1W chart where you see these values again. Ichimoku lead 1-2 + 1W MA 100 + Bollinger price statistics shows that a landing betwee 2.7-3.3k I possible along with a fibo ending at 1.7k. Conjugate with it a 1W MACD that says that he is maybe not finished with the correction :
Comment:
Correction of the start of the fibo retracement in the 1W chart :
Trade active:
Scenario A-B-C still valid.
A and B is leading.
But as i explained in the B scenario. point minor A can be completed and we going for 10.5k for minor B then minor C to complet major wave 2. If you are not a daily trader and waiting for a good clear breakout i would suggest that you watch if we bounce down at 10.5k or if we break it
A and B is leading.
But as i explained in the B scenario. point minor A can be completed and we going for 10.5k for minor B then minor C to complet major wave 2. If you are not a daily trader and waiting for a good clear breakout i would suggest that you watch if we bounce down at 10.5k or if we break it
Comment:
A and B shown :
Trade active:
Scenario A target is 17500 (or so). Since B and C is invalid, A is leading, to be complet. Scenario need to finish at 17.5k as i said