BitcoinShort
RACEACEACE BTCUSD BITCOIN LOWER T.F + HIGHER T.F CHOP/DUMP
WOW choppy waters eh? Here is my lower time frame + higher time frame update for TODAY. Right now, I think all trades should be scalps on the 1 minute time frame or lower t.f.
Here is my hypothesis for BTC:
1. Friday December 13 will be a significantly bad day for BTC and will be good for a short trade.
2. Sunday December 15 will be a significantly good day for BTC as it will begin its recovery for a significant move up. This will be good for a long trade.
Next, let’s get to the charts!
1. Main Chart (4hr Gann Fan Chart)
The price has fallen off of the Gann fan from the pivot low of 7093. The price now has potential to make a pivot here and push up. The next resistance would be 7300, followed by 7500.
However, a failure to move up from here would send it down:
The nearest significant support is the red circled area which is at around 7000. The price can potentially put in a small bounce there, but I don’t believe it will be anything significant that goes above 7200.
A break below 7000, will send it lower to the line circled in purple (this line is currently at 6900). This line is very important because it is the 8/1 Gann fan line from the pivot low of 6550ish. Once testing this line, the price may put in a bounce back up to 7400. However, a BREAK of this purple circled 8/1 line will send the price lower to 6500.
Let’s leave it at that and take this one step at a time. Up until now, I have been incredibly accurate in anticipating + trading the possibilities. Let’s keep at it.
2. Lower T.F move (for 1 minute chart scalp trades)
This is for TODAY'S 1 minute chart scalps:
Support established at 7262 = long
Support of 7211 broken and proven as resistance = short
Today's daily range = 7262-7211 (Chop Zone)
PLEASE SEE 1 MINUTE SCALP CHART S/R POINTS
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
1 MINUTE SCALP SHORT TRADES ARE THE BEST TRADES TO TAKE IN THIS MARKET! TAKE PROFIT WHEN YOU SEE IT! TAKE PROFIT! TAKE PROFIT! TAKE PROFIT!
3. Super Large Time-Frame (Fractal Chart):
I still believe that my fractal play chart is in play. If you haven’t been following me, here’s what that is:
This fractal is still in play. I believe that BTC is likely to go down to make a double bottom / a near double bottom / a new slightly lower pivot low. A move down to 6500 before moving up towards 9000-9500.
I obtained this fractal through using a unique S/R system that I have independently developed. Instead of focusing on the price, please pay attention to the S/R levels being hit. ignore anything over 10500 - in my analysis that's what I do as I believe that it is just NOISE. Yes, everyone wants to talk about bear / bull, I do not think the market will instantly dump to 3k - if it is going down there (which I believe is likely) - it will happen in stages. Until this play gets invalidated, I believe it is next.
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
4. Lastly, CELEBRATION:
I have launched my Ace Pro Short Indicator + Ace Pro Long Indicator (viewable on my Published Scripts page). Everyone in my Discord is killing it!!!!!!!!!!!!!!!!!!!!!!!!!! I'M SO PROUD OF THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stay safe and let's kill it!!!!!!!!!!!!!!
Here is my hypothesis for BTC:
1. Friday December 13 will be a significantly bad day for BTC and will be good for a short trade.
2. Sunday December 15 will be a significantly good day for BTC as it will begin its recovery for a significant move up. This will be good for a long trade.
Next, let’s get to the charts!
1. Main Chart (4hr Gann Fan Chart)
The price has fallen off of the Gann fan from the pivot low of 7093. The price now has potential to make a pivot here and push up. The next resistance would be 7300, followed by 7500.
However, a failure to move up from here would send it down:
The nearest significant support is the red circled area which is at around 7000. The price can potentially put in a small bounce there, but I don’t believe it will be anything significant that goes above 7200.
A break below 7000, will send it lower to the line circled in purple (this line is currently at 6900). This line is very important because it is the 8/1 Gann fan line from the pivot low of 6550ish. Once testing this line, the price may put in a bounce back up to 7400. However, a BREAK of this purple circled 8/1 line will send the price lower to 6500.
Let’s leave it at that and take this one step at a time. Up until now, I have been incredibly accurate in anticipating + trading the possibilities. Let’s keep at it.
2. Lower T.F move (for 1 minute chart scalp trades)
This is for TODAY'S 1 minute chart scalps:
Support established at 7262 = long
Support of 7211 broken and proven as resistance = short
Today's daily range = 7262-7211 (Chop Zone)
PLEASE SEE 1 MINUTE SCALP CHART S/R POINTS
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
1 MINUTE SCALP SHORT TRADES ARE THE BEST TRADES TO TAKE IN THIS MARKET! TAKE PROFIT WHEN YOU SEE IT! TAKE PROFIT! TAKE PROFIT! TAKE PROFIT!
3. Super Large Time-Frame (Fractal Chart):
I still believe that my fractal play chart is in play. If you haven’t been following me, here’s what that is:
This fractal is still in play. I believe that BTC is likely to go down to make a double bottom / a near double bottom / a new slightly lower pivot low. A move down to 6500 before moving up towards 9000-9500.
I obtained this fractal through using a unique S/R system that I have independently developed. Instead of focusing on the price, please pay attention to the S/R levels being hit. ignore anything over 10500 - in my analysis that's what I do as I believe that it is just NOISE. Yes, everyone wants to talk about bear / bull, I do not think the market will instantly dump to 3k - if it is going down there (which I believe is likely) - it will happen in stages. Until this play gets invalidated, I believe it is next.
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
4. Lastly, CELEBRATION:
I have launched my Ace Pro Short Indicator + Ace Pro Long Indicator (viewable on my Published Scripts page). Everyone in my Discord is killing it!!!!!!!!!!!!!!!!!!!!!!!!!! I'M SO PROUD OF THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Stay safe and let's kill it!!!!!!!!!!!!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.