BTC (Y19.P2.E10).Macro.Bullish Hypothesis.method.3.and.4
Compared to the previous post, these 2 charts assume that the RSI and Stochastic levels meet the bottom at the 7500 to 7800 range.
What do you say ? Which method is suitable > scenario 1,2, 3 or 4 ? Me, I'm leaning towards 3. Note in terms of price level, scenario 3 and 4 are the same, just different method.
These still meet the bullish mindset and probably more realistic in terms of ABCDE or Elliot wave conditions.
As I said in the previous post, the RSI and Stoch will be assisting to verify where this price level is.
Scenario 3: Using the bottom of the presumed fib.channel, fib level and support range method
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Note: How I moved the fractural structure down to the channel that started from the bottom. However in this case, we have the 8500 range as resistance for
some time. This chart has more confluence and bearish requirements to be consider reasonable and I have a feeling this is what's going to play out.
Hence why the RSI and Stochastic level is very important to get right.
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Scenario 4: Using Prior Support and resistance levels and weekly 100 MA + Macro Wedge formation criteria
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What do you say ? Which method is suitable > scenario 1,2, 3 or 4 ? Me, I'm leaning towards 3. Note in terms of price level, scenario 3 and 4 are the same, just different method.
These still meet the bullish mindset and probably more realistic in terms of ABCDE or Elliot wave conditions.
As I said in the previous post, the RSI and Stoch will be assisting to verify where this price level is.
Scenario 3: Using the bottom of the presumed fib.channel, fib level and support range method
====================================================
Note: How I moved the fractural structure down to the channel that started from the bottom. However in this case, we have the 8500 range as resistance for
some time. This chart has more confluence and bearish requirements to be consider reasonable and I have a feeling this is what's going to play out.
Hence why the RSI and Stochastic level is very important to get right.
====================================================
Scenario 4: Using Prior Support and resistance levels and weekly 100 MA + Macro Wedge formation criteria
=================================================
Kommentera:
Something separate, I'm expecting the following soon
Kommentera:
Above opportunity conditions failed, formation not viable bc of 30 min candle sticks, no volume and no divergence, nothing but a wedge shape. Initially we got a morning star but fizzled out to create evening star
Kommentera:
By coping the bottom (fractural), I have created a scenario that makes sense
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
