UPDATE:
This is an active setup for $PNT against BTC pair.
I posted this setup a while back and this 3-day chart shows how a normal correction in price action was affected by april 13th BTC dip deepening the correction on $PNT.
This put price action outside of the Parabolic Curve structure, but did not invalidate the setup.
Significant price action is still coinciding with main fib levels. We can see an uprally marking Base 1 (.b1 on 0,236fib) of the PCT and later Base 2 (.b2 on 0,382fib) on April the 4th.
BTC dip made price action pull back and break down Base 1 again. This deviation I've boxed in the green rectangle.
I'm expecting price action to keep it's path of strong impulses and minor corrections and/or ranging although PCT should mean ranges being shorter every time it ascend another tier to the subsequent bases.
Be aware that upcoming BTC dips may alter time projections and depending on when it happens, produce new deviations out of the PCT structure. I will have to revisit and update the idea if that happens.
This is an active setup for $PNT against BTC pair.
I posted this setup a while back and this 3-day chart shows how a normal correction in price action was affected by april 13th BTC dip deepening the correction on $PNT.
This put price action outside of the Parabolic Curve structure, but did not invalidate the setup.
Significant price action is still coinciding with main fib levels. We can see an uprally marking Base 1 (.b1 on 0,236fib) of the PCT and later Base 2 (.b2 on 0,382fib) on April the 4th.
BTC dip made price action pull back and break down Base 1 again. This deviation I've boxed in the green rectangle.
I'm expecting price action to keep it's path of strong impulses and minor corrections and/or ranging although PCT should mean ranges being shorter every time it ascend another tier to the subsequent bases.
Be aware that upcoming BTC dips may alter time projections and depending on when it happens, produce new deviations out of the PCT structure. I will have to revisit and update the idea if that happens.
