MaryJane
Long

Explosion ahed Part II

BITSTAMP:BTCUSD   Bitcoin / Dollar
996 4 32
5 months ago
We have reached the mentioned central Pivot resistance Point at 680$ .
After the massive Breakout
Explosion ahead?
Explosion ahead?

we have seen an exemplary consolidation which reached nearly exactly the holy 61,8 fibo-retracement - here the reasumption of the main wave started.

Now we have two trading Options:
1. Procyclical longposition: Stoppbuy near above the central Pivot resistance at 680$, SL adjusted to your individual Money Management and Position size. Target would be 760-780$. This Szenario is according the green counting.
2. Sell the resistance: Open a shortposition at the actual Level. SL should be a bit above the Pivot Point @ 680$. (also adjusted to your individ. MM)
TP could be 630$ (blue counting) and 550$

Below the last valid red "2" @ 550$ i exspect a quick selloff down to the original breakoutlevel @ 465$

Good luck and like it if you like it :-)

Former Analysis:

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


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
Trade active: Long breakout szenario is triggered and active...btc should now not trade again below 680. All above 680 is bullish

Related Ideas

BTCana
5 months ago
Awesome charts !
Reply
MaryJane BTCana
5 months ago
Thx!
Reply
Bistonic
5 months ago
Great job MaryJane, keep ´em coming! :-)
Reply
MaryJane Bistonic
5 months ago
Thanks, i try to give my best :-)
Reply
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