BTC (Prj.Y19.P5.E4).MicroLevel.Short

Observation:

> BAT Formation
> Within a restrained downward bear-flag channel
> 3 Possible Targets, with 1, to 1.618 retracement as targets
> Using top of ribbon as a guide (in red) and top of channel as maximum, past this, reassess the formation and pattern.

Big Picture,

Ignore ABCDE pattern. Its a reminder to complete this as more information comes up.

Nota

The BAT formation has XB=.382 or 0.5 and BD=1.618 or 2.618. We have the 2.618 in play. There is no definites but when these numbers come up, the harmonics suggest its more likely to be in play.

Nota

The theory

Nota

0.786 is the first likely target. 1 (8007) is the main target. Anything above this, will indicate some bullishness in this micro level.

Nota

Lets see if it can rally to a new high as its attempting to bounce here off the channel's prevous resistance, now support

Nota

ssari

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Penerbitan berkaitan

BTC (Prj.Y19.P5.E3).Version2.AB=CD in play

oleh ssari

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

ssari

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.