BTC scalping layout for fun: Hi-Res Rapid Fire Target Practice

Microscopic update to my Bigger Picture calling for 8k - 10k wave 5 (click).

Scalping layout for practicing scalps on ultra small time frames.
In play are two local waves and some high tf waves not shown.
Each line and zone is to be observed for "Pings" to enter or exit.

If entering a new trade, SL should be just behind the line that Pinged.
If already in a trade, these levels can be used to shield trailing stops
Targets can also be set to the next fib, or divided amongst several.

Even if not trading this map, it can provide clues about the bigger picture.
Which fibs cause reactions, and how the reaction plays out are data points.

It looks like we had an Impulsive wave, ending at the 4.236 extension (most common).
At the end of such a wave, we look for the retrace and to which fibs it reaches.

Notes regarding Blue fib (the wave up):
2.618 bounce is very bullish.
2.236 bounce is above average.
1.618 bounce is average,
1.236 is below average.

Komentarz:

( ( PING ) )

Minutes after posting we have our first Ping

and a pretty LOUD one.
"Loud" as in one could almost HEAR that one resonate off the chart.

And THOSE are the good scalp entries, put SL a few dollars below zone, look for targets.

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Komentarz:

Target 1 in sight!

Almost at first possible target:

what to do depends on your trading personality.

What I am doing is setting some limit sells, ladder-style, start just before that zone and through it.
Looking to unload 50% of my position here via Limit sells, and drag SL up to BE on the rest.

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Komentarz:

Yup!

Profits taken at right spot/time

So some profits in pocket, maybe more to come, with no further risk of any capital.

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Komentarz:

Absolutely Gorgeous!

Clear confirmation of the zones being plotted correctly.

ALSO a clue: the Purple -0.618 was pierced, along with the other fib that made that zone.
IE: It is likely to go LOWER since the resistance is holding precisely but the support has been stabbed.
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Komentarz:

Ping, but no entry.

pretty good ping but that was a solo fib, so did not place any limit buys there.

BUT, it once again confirms the Purple Fib, so I can have faith in all the others.
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Komentarz:

( ( Ping ) )

Another LOUD one

That was off the purple 1.382, but at time of posting I was focused on teh .618/.236's but this one has gone .764/.382. Ie New Data.

Bottom line, another Scalp fiired!!
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Komentarz:

Another Target Hit.

Scalp closed after stab of this resistance which has a cluster of Four fibs

thus its difficulty, Kinda like Plywood, the summ of the many is greater than the many in summ

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