3 scenarios for BTC
I have highlighted the three scenarios for BTC:
1. the green box, this box signifies a bullish case in which we make a 0.236 fib retrace to retest the breakout of the daily kijun and MA while also staying in the cloud. the custom set rsi is reaching my significance zone and needs a solid retrace to reset.
2. the yellow box, this signifies a typical retrace from a move heading towards the recognised ichi C-clamp and a retrace to the 0.5 fib.
3. the red box, this signifies a signal for a potential bearish case / breakdown of the long term trendline. This is reaching the 0.618 fib, if we break this we can expect more bearish consolidation or moves down.
1. the green box, this box signifies a bullish case in which we make a 0.236 fib retrace to retest the breakout of the daily kijun and MA while also staying in the cloud. the custom set rsi is reaching my significance zone and needs a solid retrace to reset.
2. the yellow box, this signifies a typical retrace from a move heading towards the recognised ichi C-clamp and a retrace to the 0.5 fib.
3. the red box, this signifies a signal for a potential bearish case / breakdown of the long term trendline. This is reaching the 0.618 fib, if we break this we can expect more bearish consolidation or moves down.
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