BTC (Y19.P2.E24).Macro.Interesting.Observations.E01
While the BTC chart does what it does, I thought I play around with the MACRO level (again) to see if there is any confluences, clues as to what's going on.
This comes in handy as one forgets what scenarios we visited in the pas (in mind) so refreshing these ideas can be useful. It did in this case
With the recent developments, I found out another fact, to share below.
>> I have 2 scenarios to share (more to come at the macro level)
A) Descending Macro triangle (in blue, range from 9.5K to 14K ), and with its target as 5400 range (as per chart)
B) Using the Trend-base Fib. extension tool, the chart (with red marking pivotal points) shows the setup and how it reached the 0.618 mark, x2, confirming a double bottom .
The Question comes to mind, could the target also be the 0.786 mark just like A) target, thereby having confluence for the bottom??
>> Now another observation:
Separately, one can observe the bottom of the channel and the irregular top part of the channel with a fake breakout (manipulation that went up 40%.?)
Maybe we ignore this top range for the channel's formation integrity but by doing so we ignore the reality and the pivotal points.
Either way, one can use this to see a downward wedge formation within the channel and we observe a current break out of this, even though its still in the downward MACRO channel.
I thought its worth sharing so people can ponder on it and come up with their own conclusions.
>> NEXT
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
In the past, I posted this, all Fibonacci.
Interesting results if you play it forward (accurate support \resistance and pivotal points)
I will revisit this next and update it.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
This comes in handy as one forgets what scenarios we visited in the pas (in mind) so refreshing these ideas can be useful. It did in this case
With the recent developments, I found out another fact, to share below.
>> I have 2 scenarios to share (more to come at the macro level)
A) Descending Macro triangle (in blue, range from 9.5K to 14K ), and with its target as 5400 range (as per chart)
B) Using the Trend-base Fib. extension tool, the chart (with red marking pivotal points) shows the setup and how it reached the 0.618 mark, x2, confirming a double bottom .
The Question comes to mind, could the target also be the 0.786 mark just like A) target, thereby having confluence for the bottom??
>> Now another observation:
Separately, one can observe the bottom of the channel and the irregular top part of the channel with a fake breakout (manipulation that went up 40%.?)
Maybe we ignore this top range for the channel's formation integrity but by doing so we ignore the reality and the pivotal points.
Either way, one can use this to see a downward wedge formation within the channel and we observe a current break out of this, even though its still in the downward MACRO channel.
I thought its worth sharing so people can ponder on it and come up with their own conclusions.
>> NEXT
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
In the past, I posted this, all Fibonacci.
Interesting results if you play it forward (accurate support \resistance and pivotal points)
I will revisit this next and update it.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Please give a thumbs up or a like if you agree or just appreciate the effort.
Regards,
S.Sari /CryptoProspa
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
