BTSUSD : pattern recognition updated
Hi guys,
This post follows my BTSBTC post (tradingview.com/chart/BTSBTC/eGT25OyY-BTSBTC-If-this-pattern-confirm-expect-tremendous-gain/). At the light of my BTSBTC TA i have decided to rework my pattern recognition on BTSUSD pair to match them together. A good TA is when logic is respected so obviously by making my TA BTSBTC projection ive decided to rework my older post :
The compressive corrective triangle now look more like an ascending triangle in an extended form (A-ABC-B-ABC-C-ABC(?)-D-E). I have integrated BTSBTC pair TA to be able to apply a better pattern recognition on BTSUSD pair.
note that point E can be lower, forming a bull wick in the case it goes lower. In this circonstance, the projection is still valid, in fact i would love to see a bull wick at point E which act like a catapult for the next impulse.
I have some people recently accusing me of copying Hae Jin, i always gives credit when it is appropriate. Please note that this post is not inspired by hae jin, and yes i know he posted a blog about an ascending triangle but i did my own work here and i applied my own conclusion.
This post follows my BTSBTC post (tradingview.com/chart/BTSBTC/eGT25OyY-BTSBTC-If-this-pattern-confirm-expect-tremendous-gain/). At the light of my BTSBTC TA i have decided to rework my pattern recognition on BTSUSD pair to match them together. A good TA is when logic is respected so obviously by making my TA BTSBTC projection ive decided to rework my older post :
The compressive corrective triangle now look more like an ascending triangle in an extended form (A-ABC-B-ABC-C-ABC(?)-D-E). I have integrated BTSBTC pair TA to be able to apply a better pattern recognition on BTSUSD pair.
note that point E can be lower, forming a bull wick in the case it goes lower. In this circonstance, the projection is still valid, in fact i would love to see a bull wick at point E which act like a catapult for the next impulse.
I have some people recently accusing me of copying Hae Jin, i always gives credit when it is appropriate. Please note that this post is not inspired by hae jin, and yes i know he posted a blog about an ascending triangle but i did my own work here and i applied my own conclusion.
Note
still need point E to confirm an bullish run
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