BTCUSDT : 2 same scenario with updated data

Hi guys,

Update of this post :

Same target as precedent leading scenario A :

• Target : 17.5k (or so)
  
• Pattern : inverted SHS
  
• Factor of validation : rise in volume at RS = confirmation
  
• Opinion : probable
  
• Comments : i think we can forgot the 12345 wave count and focus more on pattern recognition. An inverted SHS and measuring the H with the neck line provide the same target as precedent projection. This scenario focus on the symmetrical reproduction of the MACD 1D on a larger segment. The RS need volume confirmation to confirm the projected target.
  
• Chart : original post
  

Same target as precedent scenario C :
Target : 2-3K
Pattern :ABCDE correction
Factor of validity : staying in the bearish spectrum. MACD 1D centerline crossover.
Opinion : probable
Comments : MACD 1D center line crossover expecting a symmetrical repoduction of a short segment
Chart :

On the scenario C you can have different method drawing your trend line, giving the chart conflictual data in regard of the bearish count. The trend line i draw here maybe a little bit different than the past scenario C post but its still valid.

Take care,
Simon

Comment:

Fibonacci variant of scenario C :

Trade active:

Short update:

MACD 1D centerline crossover indicate a bearish signal. The duration will depend on the strenght of the trend :

If MA 200 (purple line) :
-Hold
Target 1 : 10.1k

-Doesnt hold
Target 1 : 7.7k
Target 2 :6.85k

My strategy
-Stop loss at 8.9k

Trade closed: stop reached:

Stop loss reached. follow the new strategy post.