$BTC Tech idea :
Event : FOMC 14th - 15th
Summary : So 2 counts which ive shown have a
"Bearish" and a "Bullish" Target objective. So lets look at this
current (Yellow "Sub - Minuette" ABC") and for this
im projecting a reaction at the "Golden Eclipse"
/ "Top parallel of Base Channel"// "1.272 Extension"//
"Lower Boundary of Parallel Channel"// "Fresh 5 day Demand".
Which could be the end of the correction TA wise.
What we do have also coming up is the "FOMC" which is why im
expecting a reaction in this location and if im wrong i have the
"Yellow Dashed Line" marked on the chart as a potential "End of Impulse Signal" .
And with that brings my
2nd Target at "5 day supply " which will be a Huge Turning point for the
"Bears or Bulls" as shown for the "Bulls -> Green Arrow"
and for the "Bears -> Red Arrow / Red Count".
Now remember at "HTF 5 Day Demand" we dont want a
"Same or Larger Time Frame Supply" formed coming into it ,
which we do have so this gives the "Bears" and edge for the
"Final Target" at the "Red Rectangle".
Bull Target : "KPH" / Key Pivot High
Bear Target : "Red Rectangle"
Event : FOMC 14th - 15th
Summary : So 2 counts which ive shown have a
"Bearish" and a "Bullish" Target objective. So lets look at this
current (Yellow "Sub - Minuette" ABC") and for this
im projecting a reaction at the "Golden Eclipse"
/ "Top parallel of Base Channel"// "1.272 Extension"//
"Lower Boundary of Parallel Channel"// "Fresh 5 day Demand".
Which could be the end of the correction TA wise.
What we do have also coming up is the "FOMC" which is why im
expecting a reaction in this location and if im wrong i have the
"Yellow Dashed Line" marked on the chart as a potential "End of Impulse Signal" .
And with that brings my
2nd Target at "5 day supply " which will be a Huge Turning point for the
"Bears or Bulls" as shown for the "Bulls -> Green Arrow"
and for the "Bears -> Red Arrow / Red Count".
Now remember at "HTF 5 Day Demand" we dont want a
"Same or Larger Time Frame Supply" formed coming into it ,
which we do have so this gives the "Bears" and edge for the
"Final Target" at the "Red Rectangle".
Bull Target : "KPH" / Key Pivot High
Bear Target : "Red Rectangle"