IT'S A SIMPLE. EFFECTIVE. STRATEGY -FOR BITCOIN
[]
The "Potential Reversal Zone", or PRZ
-is between the 50% fibonacci retracement level at $32.66K
and
the 66% retracement level at $41.51K.
-----THE WHY---------
[]
((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide.
The 50% and 66% fibonnaci retracement levels are simply the most favorable deviations from the 61.8% level that accurately reflect market volatility]]
Synonyms of "Pivot" = "bounces", "bottom", "top", "reversals". ALL of these words essentially entail the same definition -that which the price at which the previous trend, either bullish, or bearish -changes.]]
____________________
FORECAST:
IF
THE BEARISH 5-0 HARMONIC IS VALID:
THEN
We will see a price reversal, or PIVOT between the prices of $32.66K and $41.151K.
THEREFORE -
Price can go as high as $41.5K over the next 173 days (another +6% from current $36.472K)
IF PRICE IS REJECTED AT, or BELOW $41.151K:
Bearish Harmonic 5-0 pattern IS VALID with bearish price targets beginning at:
1) ** AGGGRESSIVE $19950K *OPEN CME GAP
2) **** LIMIT BUY - $17.042K
- - IF PRICE PUSHES BELOW $15.479K - -
** 3) $12.292K
**** 4) $9.615K *OPEN CME GAP
*** 5) $6.66K
*** 6) $4.44K
***** 7) $3.55K *OPEN CME GAP
IF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID:
THEN
Price may reach $58.19K -or HIGHER.
THEREFORE -
IF
PRICE BREAKS ABOVE $41.151K IN THE NEXT 173 days
THEN
We will adjust positions to BULLISH and adjust our strategy accordingly.
IF
PRICE IS REJECTED AT, or BELOW $41.151K in the next 173 days
THEN
We will look for LIMIT ORDER FILLS at the 4 targets above.
IT'S A SIMPLE. EFFECTIVE. STRATEGY.
IT ONLY WORKS BECAUSE WE REMAIN RELATIVELY DYNAMIC -AND SO FAR, BITCOIN HAS OUTPERFORMED EVERY SINGLE INVESTIBLE ASSET SINCE 2010.
_____________________
IT IS TIME TO START PLANNING FOR THE NEXT BULLISH WAVE. THAT MEANS SETTING YOUR ORDERS WHEN CONFIRMATIONS ARE MET -AND HAVING THE DISCIPLINE TO WAIT FOR THE NEXT FILL.
**ALL SCRIPTS ARE MY OWN EXCEPT FOR THE RSI. IF YOU WOULD LIKE TO TRY THEM OUT, LET ME KNOW BELOW**
The "Potential Reversal Zone", or PRZ
-is between the 50% fibonacci retracement level at $32.66K
and
the 66% retracement level at $41.51K.
-----THE WHY---------
[]
((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide.
The 50% and 66% fibonnaci retracement levels are simply the most favorable deviations from the 61.8% level that accurately reflect market volatility]]
Synonyms of "Pivot" = "bounces", "bottom", "top", "reversals". ALL of these words essentially entail the same definition -that which the price at which the previous trend, either bullish, or bearish -changes.]]
____________________
FORECAST:
IF
THE BEARISH 5-0 HARMONIC IS VALID:
THEN
We will see a price reversal, or PIVOT between the prices of $32.66K and $41.151K.
THEREFORE -
Price can go as high as $41.5K over the next 173 days (another +6% from current $36.472K)
IF PRICE IS REJECTED AT, or BELOW $41.151K:
Bearish Harmonic 5-0 pattern IS VALID with bearish price targets beginning at:
1) ** AGGGRESSIVE $19950K *OPEN CME GAP
2) **** LIMIT BUY - $17.042K
- - IF PRICE PUSHES BELOW $15.479K - -
** 3) $12.292K
**** 4) $9.615K *OPEN CME GAP
*** 5) $6.66K
*** 6) $4.44K
***** 7) $3.55K *OPEN CME GAP
IF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID:
THEN
Price may reach $58.19K -or HIGHER.
THEREFORE -
IF
PRICE BREAKS ABOVE $41.151K IN THE NEXT 173 days
THEN
We will adjust positions to BULLISH and adjust our strategy accordingly.
IF
PRICE IS REJECTED AT, or BELOW $41.151K in the next 173 days
THEN
We will look for LIMIT ORDER FILLS at the 4 targets above.
IT'S A SIMPLE. EFFECTIVE. STRATEGY.
IT ONLY WORKS BECAUSE WE REMAIN RELATIVELY DYNAMIC -AND SO FAR, BITCOIN HAS OUTPERFORMED EVERY SINGLE INVESTIBLE ASSET SINCE 2010.
_____________________
IT IS TIME TO START PLANNING FOR THE NEXT BULLISH WAVE. THAT MEANS SETTING YOUR ORDERS WHEN CONFIRMATIONS ARE MET -AND HAVING THE DISCIPLINE TO WAIT FOR THE NEXT FILL.
**ALL SCRIPTS ARE MY OWN EXCEPT FOR THE RSI. IF YOU WOULD LIKE TO TRY THEM OUT, LET ME KNOW BELOW**
Comment:
BETTER VIEW
Comment:
3 DAY CHART
Comment:
3D + FIXED RANGE VOLUME VP
Comment:
BTCUSD 12D
BULLISH IDEA:
((fits well on a linear chart too))
BULLISH IDEA:
((fits well on a linear chart too))
Comment:
Linear
Comment:
BTC 12D
testing out some new scripts.
testing out some new scripts.
Comment:
POSSIBLE BULLISH SCENARIO:
3D
3D