BTSBTC : If this pattern confirm, expect tremendous gain
Hi guys,
I post a micro TA update of my macro chart posted earlier (www.tradingview.com/...C-x30-target-profit/)
This is a pattern that i know very well. If this comes to confirm, we are not going only to moon, but to Jupiter !!! You can compare this micro post with my macro post : the end of point C is where i expect wave 2 (corrective wave) to end. If wave 2 is finish, then logically we should start wave 3 which is where huge profits are made. Funny thing is, i have exactly the same target if i apply the rule on the micro chart and the macro chart. Both show approximately 500% possible profit. 3000-3200 x 500% profit is 15k-16k target.
In fact, i made this pattern recognition with XRP which have become reality. XRP have seen is price going from 0.21 to a dollar very fast (=500%). See below.
Part 1 :
Part 2 :
What is very interesting is that XRP have made 500% gain after this pattern, exactly the same target profit that my TA showing with BTSBTC from wave 2 to wave 3. XRP had finished is wave 2 with this exact same pattern before the BOOM. Coincidence or factals pattern ? Time will show us, but this time we have many empirical evidence backed by other chart matching exactly the projection previously made on my macro chart.
By assuming the logic of a small correction leading to point C. I must rework my BTSUSD graph to correspond to this projection.
For the ones that ask for time frame. I would say that we should see if the pattern finish on the short term and see the 500% over a short to mid term time frame.
please note that it is very important that point C must be lower than A. The bull wick will add momentum to the impulse (forcing re-entry a.k.a. FOMO).
Edit : typing error on graph 'where it will stop ?'
I post a micro TA update of my macro chart posted earlier (www.tradingview.com/...C-x30-target-profit/)
This is a pattern that i know very well. If this comes to confirm, we are not going only to moon, but to Jupiter !!! You can compare this micro post with my macro post : the end of point C is where i expect wave 2 (corrective wave) to end. If wave 2 is finish, then logically we should start wave 3 which is where huge profits are made. Funny thing is, i have exactly the same target if i apply the rule on the micro chart and the macro chart. Both show approximately 500% possible profit. 3000-3200 x 500% profit is 15k-16k target.
In fact, i made this pattern recognition with XRP which have become reality. XRP have seen is price going from 0.21 to a dollar very fast (=500%). See below.
Part 1 :
Part 2 :
What is very interesting is that XRP have made 500% gain after this pattern, exactly the same target profit that my TA showing with BTSBTC from wave 2 to wave 3. XRP had finished is wave 2 with this exact same pattern before the BOOM. Coincidence or factals pattern ? Time will show us, but this time we have many empirical evidence backed by other chart matching exactly the projection previously made on my macro chart.
By assuming the logic of a small correction leading to point C. I must rework my BTSUSD graph to correspond to this projection.
For the ones that ask for time frame. I would say that we should see if the pattern finish on the short term and see the 500% over a short to mid term time frame.
please note that it is very important that point C must be lower than A. The bull wick will add momentum to the impulse (forcing re-entry a.k.a. FOMO).
Edit : typing error on graph 'where it will stop ?'
Comment:
i dont like the fact that BTSUSD doesnt show higher highs