SHORT BTC (Prj.2019.P04.E05).MicroLevel.Target

11 בספט׳ 2019

As per chart outlay, a possibility rather than the downward wedge which most think it is.



Previous post

12 בספט׳ 2019

הערה

Chart update: Tracking both scenarios.

12 בספט׳ 2019

הערה

It seems it was the Wedge as per previous post

12 בספט׳ 2019

הערה

13 בספט׳ 2019

עסקה סגורה: היעד הושג

Target reached for what I envisioned. It can go higher but I will settle for this price..Note, This time round I had the fib fan accurate to help me draw the predicted path, As for the channel, its invalidated after it broke out of it. My next post shows how many wedges played in the Macro formation.

13 בספט׳ 2019

הערה

As you can see on the RSI, its hit the critical level which I indicated with the red region.Also note, how confluence is with the fib. pitchfork.Plus RSI indicating bearish divergence. Hence the reason for selling.

13 בספט׳ 2019

הערה

other confluences.
Double top, RSI level, Upward wedge, previous resistance level, + fib.fan and fib.pitchfork lines, all say sell.

13 בספט׳ 2019

הערה

13 בספט׳ 2019

הערה

As per the original idea, I'm also considering this channel as we found the new line for ABCD

14 בספט׳ 2019

הערה

There is an upper part to the channel and lower part. Currently its sticking to the upper quadrant as per the fib.fan (orange lines).