Ewcharter

BTCUSD-Shy buy signal (Down Target uncompleted)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
248 0 6
The current Wave C has an unfinished way down to the Target Shell of 8,896.00$ completing there a ZIG ZAG Pattern, but the minimun Fibonacci numbers to complete Wave C has been reached, and a low bounce signal is rising on my vias.

The Target is a little ambitious 13,578/13,590 zone, and the Math Technical(*) Probability at about 30 %, but the reward is inetresting.

Then for those who dare to take the risk:


Stop Loss/Bottom Indicator: 9,514.96.
Entering Buy Point: 10,280.00 (the current).
Target 13,578.00.
R/R Ratio:4.31.
Math Technical(*) Probability: about 30 %.
Comment: (*) Math Technical Probability:

It considers only technical Analysis concerns. Tested for a significative
sample of an infinite population.

Being the highest of 90% (until now), and the lowest of 10%,
the 10 % remains belongs to fundamentals (*1).


(*1)Fundamentals:

Instead the common assumption, there is consistent statistical evidence that the Waves of social mood (EWT) determine fundamentals and those cases that news drive quotes it happens for a short time, and rapidly the Wave Patterns retakes and fulfills itself.

However, is a fact, that in intraday trading, fundamentals can and do activate Stop Losses’ damaging short strategies.

That´s why they have the remains 10 % of chance to complete 100%.
Comment: 8,896 target fulfilled, but have no buy signal on my vias yet, despite the sudden bounce.
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