Hi guys,
Since a month or so i keep seeing/posting this scenario :
Scenario C
Since a month or so i keep seeing/posting this scenario :
Scenario C
- Target : 2.5k-3k
- Pattern : ABCDE correction. MACD 1D centerline crossover.
- Factors of validation/invalidation : Staying in the bearish log spectrum. Invalidation if MACD 1D cross centerline from bottom
- Opinion : very high probability
- Comments : A powerful bearish signal have born few days ago when MACD 1D crossed the center line. A more powerful sell pressure is to be expected once/if the MACD signal (orange line) will cross the center line leading to at least -20% price change. Last time this structure happened BTC lost 10k (see price fluctuation between B and C)
- Chart :
1) original post
2)
Scenario D
- Target : 17k
- Pattern : inverted SHS or unknown/sideway
- Factors of validations/invalidation : price sustain over MA 300 (6.9k or so). Probabilities grow if price sustain over 8250
- Opinion : downgraded to low probability
- Comments : this scenario exclude indicators and rely on hope (market sentiment)
- Chart :
How to be ready :
Scenario C
- Stop loss at 6.7k
- Ladder in : 15% at 4.5k - 15% at 3.8k - 15% at 3.3k - 15% at 3k - 15% at 2.7k - 15% at 2.5k (total of 90%)
- 10% in fiat
Scenario D
- Stop loss at 8250
- Look to ladder in near 7k
Trade active:
Update :
Pattern : 5,3,5 zigzag & signal analysis
Chart :
1) 2)
Pattern : 5,3,5 zigzag & signal analysis
Chart :
1) 2)
Comment:
NOte on the weekly chart : cloud turned green. BUt i would take precaution here. It could be an ebb flow of the current up in price from 6k to 11k. I would give more weight to the conversion line go under base line as they are momentum indicators.
Trade active:
Prudence must taken here. The bearish zig zag pattern have a point C at fibo 0.618 for 9.5k or so and can be extended 9.7k. The chart is still respecting the rule of a bearish count (zigzag 5,3,5).
If BTC dont go above this level its gonna form good bearish signal as : double top & respecting the ABC of the zigzag.
Im not playing this but if I was in i would look to put my stop loss at 9k
If BTC dont go above this level its gonna form good bearish signal as : double top & respecting the ABC of the zigzag.
Im not playing this but if I was in i would look to put my stop loss at 9k
Comment:
To picture my words about the zig zag count :