HI guys,
Everything seems in place to conclude to a near end of the correction. Only this part i had difficulties. I reviewed the theory for some hour. We have a double three structure, a three, an another double three structure.
The rules for this WXY :
Guidelines
• A combination of two corrective structures labelled as WXY
• Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree
• Wave X can be any corrective structure
• WXY is a 7 swing structure
Fibonacci Ratio Relationship
• Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W
• Wave Y = 61.8%, 100%, or 123.6% of wave W
• Wave Y can not pass 161.8% of wave W
__________
According to this you see where we will land, mostly stop at 0.086.
But damn how the hell you can project a double three. I now understand why I was confused with my last 2 structures of BTSUSD.
Everything seems in place to conclude to a near end of the correction. Only this part i had difficulties. I reviewed the theory for some hour. We have a double three structure, a three, an another double three structure.
The rules for this WXY :
Guidelines
• A combination of two corrective structures labelled as WXY
• Wave W and wave Y subdivision can be zigzag, flat, double three of smaller degree, or triple three of smaller degree
• Wave X can be any corrective structure
• WXY is a 7 swing structure
Fibonacci Ratio Relationship
• Wave X = 50%, 61.8%, 76.4%, or 85.4% of wave W
• Wave Y = 61.8%, 100%, or 123.6% of wave W
• Wave Y can not pass 161.8% of wave W
__________
According to this you see where we will land, mostly stop at 0.086.
But damn how the hell you can project a double three. I now understand why I was confused with my last 2 structures of BTSUSD.
Trade active:
Still hardly believe that we ended precendently the correction. These combination pattern announce that we have bottomed. Still has the same confidence of the last post
Trade active:
In fact it been 1 month thats im saying correction is over look this post :
Comment:
the 5 wave of the C of the double three (on the USD chart)could be in at any moment since we are almost touching strong support. Im talking if you trade in USD. BTSBTC seems to already sitting strongly
Trade active:
Just took some position few moments ago. Likely completed but waves are very littles and tiny. But overall feeling safe:
Comment:
Gotta say that I stacked +12% with last stop loss to where we are. Keeping yall updated
Trade active:
wave 5th on going like expecte. very catchy at the BTSBTC pair :
Trade active:
the variant is a trucanted 5 but they are very rare. ANYWAY you get the idea ! Im already in so honestly it doesnt bother me a minute. Just helping few people out there that wanna search for an interestng entry. :
Comment:
this is all part of the entry zone that i tlak since i created this post. It should not bother that the logn term holder. Just take a look the the bigger picture. This is a greedy count. There is no point for me to play this current pattern when i look at this :
Trade closed: target reached:
lol and bounce zone is reached ! :
Comment:
i took posotions at 0.096. I might have bought the bottom. This impulse seems to have broken lot of major reistance. New cycle ? Likely yes lets wait.
Comment:
I just updated my DEX BTS platform and its amazing the upgrade they made. i cna now work on a tradingview chart while trading BTS. Very nice.