Hi Guys, I just wanted to separate the trades from the bigger picture.This is the focus.
The weekly charts are shown with the heading BTC turning Bears into Bull starting this very year. We met the down target of 0.786 fib level from a bigger triangle which took 9 months to develop. The final 100 % down target has not been met yet which is sitting at 2335. At the moment BTC is making a retracement on the daily chart with a Rev H n S pattern sitting at it's neckline which is yet to be broken.The 100 % up target is around the 5146 mark where is is facing a major resistance which is likely to get rejected to complete the bigger down target of 2335.The time frames are hard to predict but we have a rough idea about them as shown by the vertical lines meeting the horizontal lines where major resistance are clashing.This are the projected turning points.
We have a weekly chart displayed followed by the daily trade chart and to break it down further i have also displayed the 240 H chart to monitor the patterns developing. I am only trading the daily charts but some may wish to trade the given 240 H charts as they are good entry points to maximize profits.There is too much of noice in the 1 H charts so we shall not even go there.
Stay tuned and enjoy the ride. Cheers
The weekly charts are shown with the heading BTC turning Bears into Bull starting this very year. We met the down target of 0.786 fib level from a bigger triangle which took 9 months to develop. The final 100 % down target has not been met yet which is sitting at 2335. At the moment BTC is making a retracement on the daily chart with a Rev H n S pattern sitting at it's neckline which is yet to be broken.The 100 % up target is around the 5146 mark where is is facing a major resistance which is likely to get rejected to complete the bigger down target of 2335.The time frames are hard to predict but we have a rough idea about them as shown by the vertical lines meeting the horizontal lines where major resistance are clashing.This are the projected turning points.
We have a weekly chart displayed followed by the daily trade chart and to break it down further i have also displayed the 240 H chart to monitor the patterns developing. I am only trading the daily charts but some may wish to trade the given 240 H charts as they are good entry points to maximize profits.There is too much of noice in the 1 H charts so we shall not even go there.
Stay tuned and enjoy the ride. Cheers