BTCUSD : short term. 6.3k for scenario A

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi guys,

Didnt put all the details. for questions ask in the comments section !

So the follow up of the mid term. we are in the mid term of this projection and propose to watch some indicators to time better both bullish and bearish scenario from my mid term post here :

For now, we are riding perfectly the trajectory.

Scenario A :

We touched the bottom and finish a 1-5 (see mid term scenario for the full count)

I see that MACD is in good position to try an extension toward positive spectrum and an impulsive structure with an ABC like retracement giving us the hypothesis of a 1-2 wave

Scenario B :

high volume at the resistance highlighted in my past mid term scenario. MACD histogram contracting and in this case the contraction favors the bears and a bigger count pattern (see mid term scenario) but the wave 4 doesnt have an ABC like structure and is very impulsive. thats why I picked scenario A as first scenario.

Trade active: Still got scenario A valid. a 2 lvl ABC. This look like an impulsive wave up and not a wave 4 for a further move down toward a 5th. Fibonacci still valid for 1-2. We need to watch a potential MACD 1D bullish crossover :

Comment: If we extrapolate the 1-5 impulsive wave up it looks like this with standard 1.618 for 3 landing near resistance zone :

Its still very early to call it highly probable
Comment: The weekly is not fully engaged at my taste. It may simply go horizontal too for a flat pattern or something else but A is def stil lvalid :

Trade closed: target reached: Scenario B completed
scenario A failed ... is scenario B active now ??
SimonMercier almiftahdz
@almiftahdz, here you go
great analysis
@hi108, hey thanks !
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