SHORT BTC (Prj.2019.P04.E05).MicroLevel.Target
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As per chart outlay, a possibility rather than the downward wedge which most think it is.
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Uwaga
Chart update: Tracking both scenarios.Uwaga
It seems it was the Wedge as per previous post Uwaga
Transakcja zamknięta: osiągnięto wyznaczony cel
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.Uwaga
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. Uwaga
other confluences. Double top, RSI level, Upward wedge, previous resistance level, + fib.fan and fib.pitchfork lines, all say sell.
Uwaga
Uwaga
As per the original idea, I'm also considering this channel as we found the new line for ABCDUwaga
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).
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This community has signals now but with no risk management comms.
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