BTC-USD Buying Short+Charting Update+Countermesure strategies
2 Sceneries:
Purple Arrow-(my preference):
Main Data:
Indicator Bottom-Stop loss: 15,156.00$
Entering Buying Point: 15,673.75$
Target Shell(*):19,839.96$
R R Ratio: 9.05
Commentary:
The Target Shell(*) zone of 15,528.52 $ has been reached achieving a bottom at 15,156.00 $ that is a bouncing zone that would pull up prices to a new Target Shell (*) zone of 19839-19,927.00 $
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Red Arrow-(Alternative):
Main Data:
Indicator Top-Stop loss: 15,156.00$
Entering Selling Point: 14,778.23$
Target Shell(*):13,942.00$
R R Ratio: 2.21
Commentary:
If support level of 15,156 $ is broken down, it can be used as a Top & Stop loss Zone, in that case the Target Shell(*) zone would be of 13,942.00 $.
Counting on the current pattern evolution, the highest possibility (up now) is to bounce up prices in this zone, taking them to a new Target Shell (*) of 18,250.00$
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(*) Target Shell: is Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
It can be defined as the most possible value to be reached in the next movement.
Purple Arrow-(my preference):
Main Data:
Indicator Bottom-Stop loss: 15,156.00$
Entering Buying Point: 15,673.75$
Target Shell(*):19,839.96$
R R Ratio: 9.05
Commentary:
The Target Shell(*) zone of 15,528.52 $ has been reached achieving a bottom at 15,156.00 $ that is a bouncing zone that would pull up prices to a new Target Shell (*) zone of 19839-19,927.00 $
_____________________________________________________________________________________________________________________
Red Arrow-(Alternative):
Main Data:
Indicator Top-Stop loss: 15,156.00$
Entering Selling Point: 14,778.23$
Target Shell(*):13,942.00$
R R Ratio: 2.21
Commentary:
If support level of 15,156 $ is broken down, it can be used as a Top & Stop loss Zone, in that case the Target Shell(*) zone would be of 13,942.00 $.
Counting on the current pattern evolution, the highest possibility (up now) is to bounce up prices in this zone, taking them to a new Target Shell (*) of 18,250.00$
..................................
(*) Target Shell: is Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
It can be defined as the most possible value to be reached in the next movement.
Comment:
Both trades are limit Open Setup and Stop loss Breakeven once (up now).
Trade active:
Red Arrow Trading Activated.(Purple Arrow has not been activated), so I am selling short targeting 13,942.00 as next bottom zone.
Trade closed: target reached