Hi guys,
I wont go into details, but been pretty busy with the army past years. Im now back at stable place where i can work on TA again.
The grand picture speaks for itself. Seems like we are in the recovery zone at the end of a 5th wave that could complete the C (C wave are made of 5 impulsives waves) of the ABC of the retracement cycle. ABC retracement often correct at price lvl of wave 1-2. ABC is made of 5 waves and i think we are near the end point since long term indicator such as weekly MACD shows a double bottom with a bullish signal crossover. MACD still in the negative spectrum so I expect prices to test 0.02 now and in the next weeks then test 2.5 in the next months (which gives +25-35% for an half a cent rise lol). The compressive triangle conjugated with the MA 25 shows us the same thing, a price movement toward 0.025 mid term for a test. Lateral move short term. I have bought 90k BTS at our current lvl for nothing. Lets see how it goes.
If you are new with me read Elliot wave theory so you can understand better the 1-5, ABC, ABCDE pattern, WXY pattern, fibonacci, compressive triangle concept. I have a good historic in the past look up my forex projection too and follow if you like what you see.
I can do work on charts that you like if you want. Just ask in the comments
I wont go into details, but been pretty busy with the army past years. Im now back at stable place where i can work on TA again.
The grand picture speaks for itself. Seems like we are in the recovery zone at the end of a 5th wave that could complete the C (C wave are made of 5 impulsives waves) of the ABC of the retracement cycle. ABC retracement often correct at price lvl of wave 1-2. ABC is made of 5 waves and i think we are near the end point since long term indicator such as weekly MACD shows a double bottom with a bullish signal crossover. MACD still in the negative spectrum so I expect prices to test 0.02 now and in the next weeks then test 2.5 in the next months (which gives +25-35% for an half a cent rise lol). The compressive triangle conjugated with the MA 25 shows us the same thing, a price movement toward 0.025 mid term for a test. Lateral move short term. I have bought 90k BTS at our current lvl for nothing. Lets see how it goes.
If you are new with me read Elliot wave theory so you can understand better the 1-5, ABC, ABCDE pattern, WXY pattern, fibonacci, compressive triangle concept. I have a good historic in the past look up my forex projection too and follow if you like what you see.
I can do work on charts that you like if you want. Just ask in the comments
Comment:
Testing 0.02 right now as projected for the short term move.
Trade active:
0.02 achieved
Trade active:
0.021. We are starting to be near near 0.025, our target, since i expect pull back. 0.025 is where the price meet MA25, normally first test arent successful. Lets not forget that 0.018 (our initial start point) to 0.025 is 35% profit. I will explain what i think more deeper in the next post
Trade closed: target reached:
Tarfet reacged. +35% in 12 days
Trade closed manually:
update soon
