From my first analysis, nothing changed so much
BRAVO, if you sold at 66xx where I said in the last analysis...do not buy right now, we are making divergences in all time frames. so it is very hard to BTC go up.
The last movement up that we saw was BTC making an EXPANDED FLAT with the B going up....which is impossible to preview
BTC in fact does more often Regular flats than the Expanded flats.
and I was expecting a Regular flat.
Motives:
- the projection from the last blue flat hits 1.618 from A to B, which is the maximum reach of C for the regular flat. the literature says that when A to B extension hits 1.618 it CAN be 3rd wave, but for that we need to have wave 3 personality, and it is not the case. needs to be impulsive. it is not the case (bearish divergences all around)
- in the other hand we have the fib retracement of B going up(red) exactly in the 1.236 from the little A to B(red) blue line
- the movement up have B personality because it is not an impulsive and there is not 5 waves, so we assume that only B can do that, and it is, and from now on we are going down making a 5 waves movements going down.
Resume:
1)from now we sell...if you didnt
2)we are going down in 5 waves to make C
3)projection of C = 123.6% – 161.8% of wave AB
so we should end this segment around 6475 - 6350
the recommendation now is to sell at 66xx and ladder positions at the projections located between 6475- 6350.
BRAVO, if you sold at 66xx where I said in the last analysis...do not buy right now, we are making divergences in all time frames. so it is very hard to BTC go up.
The last movement up that we saw was BTC making an EXPANDED FLAT with the B going up....which is impossible to preview
BTC in fact does more often Regular flats than the Expanded flats.
and I was expecting a Regular flat.
Motives:
- the projection from the last blue flat hits 1.618 from A to B, which is the maximum reach of C for the regular flat. the literature says that when A to B extension hits 1.618 it CAN be 3rd wave, but for that we need to have wave 3 personality, and it is not the case. needs to be impulsive. it is not the case (bearish divergences all around)
- in the other hand we have the fib retracement of B going up(red) exactly in the 1.236 from the little A to B(red) blue line
- the movement up have B personality because it is not an impulsive and there is not 5 waves, so we assume that only B can do that, and it is, and from now on we are going down making a 5 waves movements going down.
Resume:
1)from now we sell...if you didnt
2)we are going down in 5 waves to make C
3)projection of C = 123.6% – 161.8% of wave AB
so we should end this segment around 6475 - 6350
the recommendation now is to sell at 66xx and ladder positions at the projections located between 6475- 6350.
Trade active:
Trade closed: target reached:
closed trade here...risk of reversion
Comment:
what if i had
Comment:
targets
targets
