Analysis and Trading based on Envelopes, Waves, Cycles

Killing it!

just opening my screen

thanks to the Murrey Gann Grid I know that BITCOIN Price Action is in the vicinity of 62.500

62.500 is the 5/8 Support and Resistance Line of the Main Grid of 0-100.000

Right now it plays a role of Resistance

Thanks to Terry Pascoe ability to code (and use) on TV every reader of this thread can use this simple and effucient system.

Again many thanks to Terry.

Sadly I am still a Dinosaur working with MT4
Not too sure why I cannot make the move over to TV
so just plodding along in my own world

62.500 is the Support and Resistance Line (SRL) 5/8 of the Murrey Gann Grid

12.500 / 8 = 1562.50. Hence a Pullback can fluctuate in the Range 62.500 - 1.562,50 = 60.937,5

Pullbacks would be a fractal of 12.500 / 8 = 1.562.5.

Could be also 781.25, 390,625 or 3125

62.500 is broken on the upside

Potential Target is 62.500 + 12.500/8 = 62.500 + 1.562.5 = 64.062.5

If PA goes tere it will be step by step = 1.562.5/8 = 195.3125

Rounded 200 points by 200 points

U/J H4 128 Murrey Lines

opened short position

bad entry- reversed position 62.500 touched again

closed Long position

BTCUSD 4 H

A 5-Wave Upmpve

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