BTC (Y20.P5.E17).3 Scenarios still in play

11 dic 2020

Hi,

I think now that we have more info on the behavior, no dump, it will slowly find its way to 3 possible areas of interest for me.
Hence I will average my way in towards these 3 areas with the greatest share at the weekly 10/21 EMA area.

At this current level we are likely to have a bounce and a bullish divergence on the 4 hrly. So play the small trade.

Here are the scenario's, much discussed in detail in previous posts.
All Bullish based on historical data.


SCENARIO A - we have a ascending triangle here with the elliot corrective wave of ABCDE as per the chart
ref B.chart
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SCENARIO B - we have a bigger ranging triangle as per chart, fractal to 10K breakout.
ref. z. chart
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SCENARIO C- we have a deep pullback to the weekly 10 or 21 EMA which is reminiscent of the parabolic run in 2017, where 30% pullback is acceptable.
brown ribbon, 10/21 EMA
ref B.chart
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Note, the chart below is when it hit its all time high similar to what we did with 19800 range.
The pullback was to 1st the weekly 10 ema and then to the 21 ema.
This represents Scenario C




Lets see how we go.

Cheers,
S.SAri

11 dic 2020

Nota

B.chart

11 dic 2020

Nota

Ref. D.Chart.
15 minute chart. 2 potential short levels, here or further up
I have bought the dip and willing to get stopped out for this move.

12 dic 2020

Nota

no shorting...it looks like December and\or January, we will hit the macro 3 impulse wave, 21K to 23K range, some have it towards 26K.
Scenario A looks like the deal.

13 dic 2020

Nota