Read The Market (RTM) ๐ฆ
each reversal pivot or node (flag) has big orders that makes a Failure To Continue interval which called FTC
imagine that each reversal pivot has 3 disposable price interval like traffic light :
1. yellow (FTC accept) : its kind of protection for FTC, start of finding divergence like wave 3-5 of Elliot
2. red (FTC) : the level which has biggest order and most potential to revers
3. green (MPL) : its safe to continue...
* notice that each interval is disposable, it means that if price touch it once, it doesn't work any more ...
** we have any fractal concept in this strategy like other's... sor for each big FTC, we have more accurate FTC ... if you dont know what fractal means, check "Butterfly effect and Fractal" tutorial on related ideas ...
as you see in Bitcoin, 55-58 is the last FTC of FTC for uptrend and it has already touched once, so we dont have any red light above but .... it has just reached accurate red light and still we have FTC of 55-58 interval which is 56100-56900 ... so BTC should have some retrace to a reversal point (FTC) ... it has a minor FTC in 42k and major one around 38k, both of them are untouched ... after 37k is green to continue to 27 or 24 even...
we try to continue showing each traffic light ๐ฆ in following analysis ...
thanks for reading this article, hope it would gainful...
imagine that each reversal pivot has 3 disposable price interval like traffic light :
1. yellow (FTC accept) : its kind of protection for FTC, start of finding divergence like wave 3-5 of Elliot
2. red (FTC) : the level which has biggest order and most potential to revers
3. green (MPL) : its safe to continue...
* notice that each interval is disposable, it means that if price touch it once, it doesn't work any more ...
** we have any fractal concept in this strategy like other's... sor for each big FTC, we have more accurate FTC ... if you dont know what fractal means, check "Butterfly effect and Fractal" tutorial on related ideas ...
as you see in Bitcoin, 55-58 is the last FTC of FTC for uptrend and it has already touched once, so we dont have any red light above but .... it has just reached accurate red light and still we have FTC of 55-58 interval which is 56100-56900 ... so BTC should have some retrace to a reversal point (FTC) ... it has a minor FTC in 42k and major one around 38k, both of them are untouched ... after 37k is green to continue to 27 or 24 even...
we try to continue showing each traffic light ๐ฆ in following analysis ...
thanks for reading this article, hope it would gainful...
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