POLONIEX:BTSUSD   BitShares / US Dollar (calculated by TradingView)
Follow back on april projection :

So for april we almost had it. the resistance is 0.08 and not higher as expected. I should have consider the 5th as the spike right after the 3rd.. dat greedy subconsciousness.. hoping to reach higher resistance ! But overall success on the retracement :


Scenario A :

If we reach a higher high then i will consider the past resistance as new support and may wait before scalping as bigger pattern might form. Put your eyes on a probable daily MACD bullish crossover. It should happen in the first week of May :

Scenario B

If we dont reach a higher high its gonna be most probably an ABC retracement normally ending in the wave 1-2 price zone. In this case i will secure my position with sell limit. Watch the daily MACD , we going toward neutral spectrum where high fluctuation happens when MACD bearish/bullish crossover :


On the longer term my ideas are :

MACD going directly toward positive spectrum - optimist


MACD pause, we retrace then gradually going up - careful

like this

somebody tanked the market
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