Hello everyone ! :)
In the last few weeks, I stayed out of the market due its range position, now its time to review the analysis carried out in June.
1. I am happy to see that the overlapping strategy works: the BTC stayed on the range (last white line) which the was indicator for all the "things" written in the label
2. To recap, the pair saw a growth,...
Hello everyone :)
Finally BTC has taken the first target (yellow horizontal line)
The target was taken pretty slowly so we can consider it consistent in terms of volume, it's not just a speculative target so, strating from this wd. can found out the further target, following ofc the same strategy.
Now, the volumes are consistent and, as always when it takes a...
yess
Finally, first target taken!
It was an interesting area since some coincidences and the inefficiency left behind from July.
Next step, reanalyse the crypto, to find the further target.
since the bearish run is not finished yet, it's better to wait untill the yellow line, to see how the price will act and if the volume and the trend is sufficently strong.
the yellow zone is defined for range, inefficiency and point of interest as 0.618 of short trend and last target for the last bearish run.
Wait until yellow line --> first conferamation ...
BTC is into range.
Need confirmation for enterning long : Break of structure @ 21000 circa and the range break.
those are interesting days for BTC since if goes under liquidity spot, the bear run won't finish utill ends @16000 in the optimistic forecast, or even at 9300.00, as -0.27 fibonacci, this would be a problem for btc.
Anyways I am minding a future bull...
