Pivot Resistance still alive: 680$ is still the level to watch!
680$ - this is still the Level to watch! Trading below that Level indicates a bearish momentum - Trading above 680 will brighten the Chart, the main uptrend can possibly be resumed
At the Moment, we have four Trends:
- Midterm downtrend: red 1-2-3 counting: As Long btcusd are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd are trading above 622$
. SHould btcusd trade above the last valid "2" the tp could be 680$
Here is the Explanation for this simplified style of counting
Former Analysis:
The holy Fibo 61,8%
Trying to catch the correction of the correction?
Longterm resistance turned into support?
New shortterm "3"?
A flag -is that true?
HERE IS THE EXSPECTED BREAKOUT!
Explosion ahead?
At the Moment, we have four Trends:
- Midterm downtrend: red 1-2-3 counting: As Long btcusd are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd are trading above 622$
. SHould btcusd trade above the last valid "2" the tp could be 680$
Here is the Explanation for this simplified style of counting
Former Analysis:
The holy Fibo 61,8%
Trying to catch the correction of the correction?
Longterm resistance turned into support?
New shortterm "3"?
A flag -is that true?
HERE IS THE EXSPECTED BREAKOUT!
Explosion ahead?
Nota
The counting has to be adjusted. The Little green and the orange Counts are no longer valid Nota
Btcusd hast reached THE CENTRAL ACTION POINT at 680! Trade preparation...long above 680...short below
Aviso legal
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