SimonMercier

BTCUSDT:THE BULLISH PROBABILITY

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Hi guys,

In the anterior post i was showing one side of the market. The bearish one, you must have been confused on why i said to always have both scenario but saw my action not following my mouth. There is time when you need to sit and wait for data. Im staying objective the best I can and projection are not prophetic. Its not because volatility calculation gives 2.8k that the market will go there. All these data must be put together to fit and thats why I became ambivalent to see price behave like this : Is there something else that may be in play ? Do i have treated the data the same way ? Thats why i present to my followers today the other scenario, these questions can just be answered by working and returning to drawing table

  • Target : 26k (see factors of validation)
  • Pattern : Fractals ABCDE
  • Factors of validation/invalidation : BTC must respect the form and retest resistance near 8.8k for major D. MACD 1D continue to move toward positive MACD spectrum until MACD & MACD signal crossover centerline. Invalidation if price break lower support for a sustained period of time (be aware of a potential bullish wick at point E)
  • Opinion : Probable. Higher probabilities if BTC get rejected at major D to give more time for accumulation at E & if MACD 1D crossover centerline. Highly probable when MACD 1D & signal crossover centerliner
  • Chart
    1)1D log- Fractals ABCDE - original post

    2) 1D standard - Standard ABC and standard fibo retracement

Trade active: D reached. we will see if it goes to E or break the resistance
Trade active: Interesting time :
Trade closed: target reached: bounced right where i was projecting. didnt do E so invalid ABCDE but valid ABC (this one) :
Hopefully it’s not a fake out :)
My bags are packed - hopefully moon time :-)
Big bags of dgb , icx, bts , powr and Xlm
Beers on me in Australia ;)
Reply
Do you still think we won't break the triangle this time?
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SimonMercier samiswilf
@samiswilf, i think this may be the good run :

Im already +100% profit in 1,5 week. Im still playing safe but chart looking pretty good.
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What's your take on bitcoin's price resembling microsoft's stock? https://www.dropbox.com/s/byhn6ksrphi5q4n/BitcoinVMicrosoft.jpg?dl=0
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SimonMercier samiswilf
@samiswilf, i dont understang where you want me to check, because i dont see same form at first look
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samiswilf SimonMercier
@SimonMercier, both resemble a linear line followed by an upside down rainbow curve.
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SimonMercier samiswilf
@samiswilf, can you add more information i doesnt seems to undersant the 'rainbow curve' part.
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Nice job
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thanks for sharing it looks intresting scenario
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