BTC (Y20.P1.E10.v2).What's Next
Updated
Hi, continuing on from the previous post, I'm looking for some confluence to go long with the identified\ outlined key support, resistance and trend lines.
I thought I use the Harmonics toolset to explore (Gartley, Crab, Bat, Butterfly and Shark) for a scenario with what we have been given on the charts.
Obviously some assumption are made here, eg. we have hit the top in this run and now we are looking for a good area to bounce and also consolidate for the short and to go long.
I also find this helpful to back up my lines.
Using the BAT bullish model, I have come up with this scenario. Give or take a few candlestick wicks we might fit one of the harmonics into the lines I had in the previous post.
I didn't envision in the previous post how we could touch the bottom trend line without going bearish, so this explains it well I think.
Anyway, I thought I put it out there as it helped me, and it might help you.
In 2012, 2017 and now, the bottom has always been found around Dec - Jan, so it give me no surprise after doing this chart that I also can potentially get the time scales right.
On this chart I have the next bottom by the end of this month (Jan. or early Feb)
Thanks.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
I thought I use the Harmonics toolset to explore (Gartley, Crab, Bat, Butterfly and Shark) for a scenario with what we have been given on the charts.
Obviously some assumption are made here, eg. we have hit the top in this run and now we are looking for a good area to bounce and also consolidate for the short and to go long.
I also find this helpful to back up my lines.
Using the BAT bullish model, I have come up with this scenario. Give or take a few candlestick wicks we might fit one of the harmonics into the lines I had in the previous post.
I didn't envision in the previous post how we could touch the bottom trend line without going bearish, so this explains it well I think.
Anyway, I thought I put it out there as it helped me, and it might help you.
In 2012, 2017 and now, the bottom has always been found around Dec - Jan, so it give me no surprise after doing this chart that I also can potentially get the time scales right.
On this chart I have the next bottom by the end of this month (Jan. or early Feb)
Thanks.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
Note
other scenarioNote
Current status, 4 HRLY chartNote
My macro chartNote
Micro level. Looking good for a nice bounce at the 8500 range (8570)Note
Somewhere in this range, 4 hrly chart
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
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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.
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