VIENDO ESTE GRFICO , COMO EL BTCUSD Y ESTE TENEMOS UNA MUY GRANDOE POSIBILIDAD DE QUE EL MERCADO BAJE EN EL PLATINUM NOS ENCONTRAMOS CON GRANDES PUNTOS DE VENRA PERO EN EL BTCUSD , SABEMOS ESTE AÑO QUE BIENE HABRÁ UNA CAIDA MUY FUERTE EN EL USD Y ESO AFECTARÍA MUCHO EN EL MERCADO Y SU ECONOMÍA
This is a 12H setup - like the weather - showing the case for a potential reversal south.
1 - zone of congestion in what looks like a PRZ
2 - an alternate ABCD pattern.
3 - price just below 12H ATR line.
Contrary to the received wisdom ABCD patterns do not have to be a precise pattern with a 61.8 retracement of initial limb. It can be a 78.6. In...
AC=CD still valid, small correction and consolidation around $4.14 - $4.17PS as predicted. Completion of AB=CD by the end of August. Earnings report a key indicator going forward. Trend line should be used for effective risk management.
*This is not finacial advice just an idea.
Because you can trade 24/7 with bitcoin. Anyway we have a short term long coming up then is looking like will go short to do a retest then long again.
Can you see the 3rd touch confluence. Just like my strategy. Simple, easy and effective.