BTCUSD : 7k target part III. 2 scenario

HI guys,

So a follow up of past post, lot of update and i like when post are clear for everyone to understand. 2 scenario shows up here

First scenario is original post

Scenario b) double zig zag. one of BTC favorite correction pattern

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Like i said in my last update watch the 4H MACD signal and everything should be smooth:

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The macro form could be a wave 1-2 since it is impulsive. We gonna talk about this later since we need the 1D MACD to move toward positive spectrum and we cannot speculate on the nature of this wave yet until scenario A or B get validated or invalidated. Just sharing further idea.

Trade fermée: cible de profit atteinte:

1rst target reached. Now we need to keep an eye on the pattern. Watch white line :

Transaction en cours:

Bearish scenario took the upper hand. Here is the follow up :

You can see in the red square MACD interaction that i projected up here on sept 24 sayin "watch the 4H MACD signal and everything should be smooth". The retracement ended in the projected zone, see here :

My post is to help you define a trading strategy. Like here stop loss was at 6.6k so you win if it retrace and still in if it not

Commentaire:

MACD educational. Possibilities to have bulls divergenve on histogram since it extend in positive but overrall bears lead probabilities of a bearish crossover. Volume must grow so MACD will not make a bearish crossover and walk toward a bullish outcome :

Watch 4H first then project 1D movement during the next days and everything will be smooth

Trade fermée manuellement:

i close this one and resume this post on a new one starting to have a lot of update