BTC (Prj.Y19.P5.E4).MicroLevel.Short

Observation:

> BAT Formation
> Within a restrained downward bear-flag channel
> 3 Possible Targets, with 1, to 1.618 retracement as targets
> Using top of ribbon as a guide (in red) and top of channel as maximum, past this, reassess the formation and pattern.

Big Picture,

Ignore ABCDE pattern. Its a reminder to complete this as more information comes up.

Note

The BAT formation has XB=.382 or 0.5 and BD=1.618 or 2.618. We have the 2.618 in play. There is no definites but when these numbers come up, the harmonics suggest its more likely to be in play.

Note

The theory

Note

0.786 is the first likely target. 1 (8007) is the main target. Anything above this, will indicate some bullishness in this micro level.

Note

Lets see if it can rally to a new high as its attempting to bounce here off the channel's prevous resistance, now support

Note

ssari

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Also on:

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BTC (Prj.Y19.P5.E3).Version2.AB=CD in play

by ssari

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ssari

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.