I just wish to set this as an idea to see what will happen, in a bullish and how long will be right.
Im using trend lines, Elliot waves and Fibonacci.
Those are the mostly right indicators that i have knew this last year with btc.
But still somethings that any indicator will never show: News, Regulations, Crackers, Traps, Whales....
Well, i feel this is a good scenario, and can really happen, but, is impossible to predict the future...
That make sense, lets wait and see.
Im using trend lines, Elliot waves and Fibonacci.
Those are the mostly right indicators that i have knew this last year with btc.
But still somethings that any indicator will never show: News, Regulations, Crackers, Traps, Whales....
Well, i feel this is a good scenario, and can really happen, but, is impossible to predict the future...
That make sense, lets wait and see.
Trade active:
The Crorrection seem to be finished.
Waves:
I can perfectly count the waves ABC on fractals (and respective fractals from that abc) for that big wave 4 of retraction.
RSI:
Daily RSI has reach the botton of that uptrend channel, what means next couple days are crutial, we can drop a little, but not much, we must be higher.
Stochastic RSi hit the botton too.
Of course can drop a little more and make me count again, but can`t hit less then 6800, in that case, wave 4 hits wave 1 area, which means its all wrong.
Waves:
I can perfectly count the waves ABC on fractals (and respective fractals from that abc) for that big wave 4 of retraction.
RSI:
Daily RSI has reach the botton of that uptrend channel, what means next couple days are crutial, we can drop a little, but not much, we must be higher.
Stochastic RSi hit the botton too.
Of course can drop a little more and make me count again, but can`t hit less then 6800, in that case, wave 4 hits wave 1 area, which means its all wrong.
Trade active:
***BTC didn`t fall to less than 6800, the waves count still.
RSI 4 hours shows that btc should be at 7500, on a linear horizontal channel, that means all price above that is overselled, btc drop to 6900+or- WITHOUT the relative strenght to that fall. Also mean btc should get back to that price 7500 in a balance between price and strenght. After that we check RSI again or if fall down to 6700, we close that Idea with an stoploss.
RSI 4 hours shows that btc should be at 7500, on a linear horizontal channel, that means all price above that is overselled, btc drop to 6900+or- WITHOUT the relative strenght to that fall. Also mean btc should get back to that price 7500 in a balance between price and strenght. After that we check RSI again or if fall down to 6700, we close that Idea with an stoploss.
Trade closed: stop reached:
Stoploss reached, Btc says: Not this time :(
Related Ideas
The Target
TalesFortes
about BTCUSDT