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?
코멘트
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The counting has to be adjusted. The Little green and the orange Counts are no longer valid
코멘트
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Btcusd hast reached THE CENTRAL ACTION POINT at 680! Trade preparation...long above 680...short below
코멘트
oaksacorn
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Very nice. Great work as always. We will chop a bit under the 682 evel. Then up through in classic acsending triangle fashion.