UnknownUnicorn1540828

BTSUSD : hard to follow. New scenario.

POLONIEX:BTSUSD   BitShares
Hi guys,

So all the work time spent on the impulsive waves hypothesis has been done for nothing (see last BTS post). I expect a little bounce but no bigger pattern to help define precise target. I still maintain that BTS has saw the end of the correction in August, still that doesnt mean an immediate bounce up.

I love the fact that 1D MACD seems to have found a supply zone :


Im expecting short term minor gain and looking to update target once i got more data. Sub wvaes indicates a short term bounce up with little to gain :


Even with no count of discerned pattern, we still can use a pragmatic approach. We are in a demand zone with HL, where I called end of correction in August, behave like one, indicators correlate.

Trade active:
short term retracment completed with spike in volume indicate that the supply zone is intact :


everything going under 0.095 is immediatly bought with an high volume since the end of the correction. Keeping my old position of 0.096
Trade active:
On going friends. The form of the unidentified structure follow the projection :
thats where normally i would write a text about having basic knowledge of indicators for case like this when we cant find a proper structure. But you got the idea.
Comment:
Didnt even move arrows to fit. Love that feeling when you nail something. Ok so i stop the auto-loving speach and get back to TA. lets be patient and watch for a structure.
Trade closed: target reached:
2nd leg reached. We just gained 0.007 from where we were ! PARTYYY!!!! AW YEAH !! LAMBO !!!!
lol, now lets focus on the 3rd side leg. the 4th leg is more interesting.
:
Trade active:
still valid
Trade active:
I will have it reached ;) just need to wait. Extended laterally more than expected but I will have this call.
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