Time to make a hypothetic target. We finished the combination structure (pattern recognition) that i projected in my last post :
For this one Im using more my wave analysis than pattern recognition "skills"
You can see i circled the potential bullish crossover on the daily...
I shared in the past my opinion about the difficulty of applying TA to BTSUSD because we see alot of extension and combination structure.
I have to say to I have worked hard on this one cheking the chart and looking my books for 2 hours now.
Ok so lets start here.
1-last time we talked i said this corrective pattern seems finish...
Time for update.
Last projection was about a target zone between 6.8k and 7k. We kinda reached it with 6.833k. See here :
Right now 1D MACD is neutral in regards to the spectrum. Extended histogram doesnt help to position ourselves toward bulls or...
The corrective pattern seems finish. looks like a bullish outcome is to be expected. Mostly toward 0.140 as target.
We reached my last projection of my last post :
Still got the triple double in back of my head. That indicate a long term bullish perspective
Sept. 11th I spotted it...
So i resume, in this pos,t what i said in my last updateof this post (click on it if you wan to have more details) :
Scenario A is the original post
Simply keep an eye...
So a follow up of past post, lot of update and i like when post are clear for everyone to understand. 2 scenario shows up here
First scenario is original post
Scenario b) double zig zag. one of BTC favorite correction pattern
Like i said in my last update...
A recap from yesterday post. Kinda messy with the dump and pump (spike candle) and lot of picture and educationnal stuff. See here :
This is my main scenario (original post)
Scenario B have low probability but im doing the good guy and leave all everything here...
So the follow up of our last post of the expended flat correction with impulsive outcome. See here :
Step 2 was about making a hypothesis in regard of the impulsive wave :
I will add some details. If BTS doesnt seem to...
So overall indicators have extended lateraly since our last talk but have conserved their bullish divergence.
I gave you the tip to watch a potential 4h macd bullish crossover that didnt happened and here we are again. I project if 4h MACD dont goes to the positive spectrum we gonna retrace a lower support in a small WXY form. On the other hand. going...
So time to make hypothesis about further move. Hi gh probability to go retest upper resistance. With daily MACD histogram contracting i expect a bullish signal on the crossover but in the back of my head the extending contracted histogram can lead me to think sideway move is still possible but our current form (symmetrical triangle correction google...
So we were due for an update. Pattern recognition of an expanded flat correction that respect all the rules about the form. A 2 subsequent ABC ending in a 1-5 wave. I do not exclude that wave 5 can be more extended to 0.08 ish lvl before being buy out as BTS behavior tend to support extended waves.
I share you an example of this pattern here :...
I reviewed my last projection. The devil is in the details. Drawing resistance line can differ from our 2 past highs (see white circle). I was betting on a major 1-5 with sub 1-5. I spotted the 1-5 without asking the question about differential scenario which would have been a simple 1-5 without major pattern in or out.
We see these impulse 1-5 here on...
LBC corrected during a long time and adopted a well know kind of ABCDE triangle correction. I expect LBC to consolidate near D & E levels before a good impulse up and behave like past correction cycle and form. I expect LBC to test 0.08 then stabilize near 0.06. I will be looking for a structure to confirm my projection in the mid term. Overall i will...
Again retracement and move up as been spotted from last post. I reported that : once we will be there we will have all indicator ready to have a bullish crossover on all time frame
-Which is happening right now as we can see
I kept the arrow so you can better remember...
For the ones who follow me i said last post in the title :
BTCUSD : little retracement with bullish outcome
where i suggested black on white to expect a bullish outcome and a first 1-2 as main hypothesis. Now here we are for the 3-4-5.
We have this one where i was talking about...
I project this retracement in regards of a further bullish outcome since the 1D MACD seems to move towards a bullish crossover eventually :
Remember when you working with MACD to put every crossover in a location perspective. Right now, daily is still in the negative spectrum and its why it conducts me to...