BTCUSD : weekly megapost proposed scenario 18/10/21

Hi guys,

So to following of anterior projection, still valid, precise and exact :

On coinbase less volatility conducted on the lateral extension of the trend line but the behavior remained the same. we bounced a little :

We indeed bounced near target zone on past resistance now became support on BFX.

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We had huge volume on the projected end of correction

Macro are still bullish and very healthy. HL on daily MACD :

Weekly still keeping his bullish crossover :

If we indeed bounce on white line support i might go long on everything

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Short term :

Im looking for an ABC or a linking pattern that will make the transition before bigger pattern. To remain valid the wave C must reach A price levels and must be made of 5 wave
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Still same major and macro target zone. still behaving like i project. Consistency is the key. Better read and understand this before i update this scenario to not loose key element with further updates. I expect a raise in volatility.

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Im looking for a stop (C wave completed) at 6520-6540 price zone on BFX chart. not playing this. Watching.

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great ! this is the kind of structure I want to see for a C wave of an expanded flat ! :

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last 5th ! Remember i said * Im looking for an ABC or a linking pattern that will make the transition before bigger pattern. To remain valid the wave C must reach A price levels and must be made of 5 wave* & *(C wave completed) at 6520-6540* :

This is exactly what we have here.

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C reached ? need to take micro time frame chart :

Would work with fibonnaci ratio and elliot rules about running flat :

• Wave C = 61.8% – 100% of wave AB

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short term target reached 6520-6540 zone. ended at 6535 :

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So the bounce is still shy (Im using coinbase chart this time). Compare this present MACD with the one in the original post. I said that the optimal form for MACD was a double bottom on 4H :

Its look like an ABCDE but I just want us to focus on something more simple. we must keep the double bottom AND the trend line. Both goes together. I dont reject a retest at the lower trend but if this retest is not rapidly bought I draw what could possibly happen.

Im stick with bulls for now

Komentarz:

fact is alt chart look all like they are in a major bullish pattern

Komentarz:

Watching it because this is where I might take long positions like I said earlier in this post

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too much latral extension to be a flat. Not 100% sure about the outcome of this pattern but simply keep an eye on the support. Much easier to position ourselves when unsure. It could be a bearish triangle pattern but the RSI doesnt reflect like it (SHS form should reflect on RSI with triangle pattern) that makes start the count where i start :

On 4h hours chart :

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daily update:

Again. Projected the good short term move since the beginning of the week. But what lacks my projection is the outcome because right now I dont know how to name it. So I will naviguate with trend and MACD :

Not an easy week for TA but overall succed to project short term move

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again this move was projected. happened not too long after my update :

now lets watch

Komentarz:

using linear chart. It gives us a bullish triangle when you add the recent impulse to it it makes the count start like this :

if lower support break. We gonna retrace entirely to lower support :

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still moving as expected. Watch lower support"

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