BTSBTC : short term target 300-325
Hi guys,
before i leave for few days here are my mid term idea.
Some elements are here to indicate that we might see a stablisation of the price. Maybe a little gain. A WXY double three. Micro count 1H :
On a more broad scale. The 4 hour still indicate a recovery (green circle) but is still in the negative spectrum zone (red square). 4H is the most interesting, i dont exclude a re-test near 268 for a fifth but i wouldnt be surprise that we test higher resistance instead. there is a chance that we might see price on a longer term going lower to 220. In that case it would be a triple three and not a double three. AS you can see 1D MACD is not fully converging toward the signal but the histogram show early signs of recovery on a more macro scale.
learn more on double three and triple three : elliottwave-forecast...elliott-wave-theory/
before i leave for few days here are my mid term idea.
Some elements are here to indicate that we might see a stablisation of the price. Maybe a little gain. A WXY double three. Micro count 1H :
On a more broad scale. The 4 hour still indicate a recovery (green circle) but is still in the negative spectrum zone (red square). 4H is the most interesting, i dont exclude a re-test near 268 for a fifth but i wouldnt be surprise that we test higher resistance instead. there is a chance that we might see price on a longer term going lower to 220. In that case it would be a triple three and not a double three. AS you can see 1D MACD is not fully converging toward the signal but the histogram show early signs of recovery on a more macro scale.
learn more on double three and triple three : elliottwave-forecast...elliott-wave-theory/
Trade active:
First target reached with little pullback
Trade closed: target reached:
225 reached
