Updated

BTCUSD - simple is good - MA S/R MACD TA - Weekly and Daily

Back to the originial - MA, S/R, MACD analysis
simple is good, can help us catch the key

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Weekly chart:

1. S/R:
black lines were draw based on price formed S/R(support and resistance)

2. MA Cross:
we are now at MA18 crossing down MA26. when last time it happens, BTCSUD went back to retest the important S/R. it is likely to happen like so again

Daily chart:
3. MACD:

green/red/black line draw on MACD. they are important S/R lines in history since 2016

green line: bear/bull division, history resistance
if MACD coming from consolidation around 0 level, then breakout from green line, bull to top

then it comes down from top(price goes into bear), if goes below green line, then bounce up short( bounce up there but if can't breakout again), bear continues

red line: history support
if it respected it more than 2 times, then breakdown, expect price bottom in forming

black line: bottom support
price bottom happened when MACD touched there in 2018 and 2019

What about now?
S/R: price resistance around 9300 - black line(strong weekly price resistance & weekly MA18 MA26 dead cross resistance)
if price can't breakout there, then it's going down.
MACD will show us later as well when price action happens, that MACD can't breakout from the green line strong resistance

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BTCUSD fib 0.5 double attempts from here - compare look- v2

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Note

there would be a chance - price go back to retest around 10343usd area

Note

simple is good, btcusd in history always tries to tell us something.
we go back to the intial idea on 2019 June 18: compare of history ATH, bear & rebull.

1. BTCUSD history bull counting:
formed fib 4.236( ATH ), turn it into 1 for another bull counting, targeting fib 4.236:

2. after reaching ATH, we use fib 1.272 to see history retracements.
in 2013 bottom and 2015 bottom, we see the retracements as:

mark ATH as 1.272

Bear target: 0.236
Way to bear target:
directly down to 0.236/0.382, pull back till 0.786, then down to 0.236.

more details in both history scenarios are:
scenario 1(2013 retracement): ATH - 0.236 - 0.786 - 0.382/0.236
scenario 2(2015 retracement) : ATH - 0.382 - 0.786 - 0.236

3. history repeats? what's now?
if it follows 2013 pattern - can't breakout from fib 0.618(9373usd area)
then we go as blue:

if it follows 2015 pattern - breakout from fib 0.618(9373usd area)
then we go pink as follows:

Note

correction of last image:
if it follows 2015 pattern - holds on fib 0.5 (7616usd area) then breakout from fib 0.618(9373usd area)
then we go pink as follows:

Trade active

we are now in middle of the range, let's see where will it break/hold

Note

if it breakdown from 7600, we expect 6000/6500 area

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for people who have followed my idea, good that price went down now around 7000.

no fancy talking, rationally look at the chart as it broke down 7500. no matter there will be small bounce or not, still expecting 6500/6000(even bit lower zone)

trade safe.

Note

followed Nov 4 update:
blue or pink, which one do you think BTCUSD is going for now?

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now we will have bit bounce up or consolidation.
bounce up potential targets - red lines:

if we break today's low, we are going lower - 5000-6500 area

Note

im more seeing the potential bounceup short level of around 8159usd.

good luck

Note

we had nice bounce from 6500usd, but we did not come down to 5000-6000usd area yet. we are waiting for it:

as shown below, it's looking for repeating the blue:

detail look:

trade safe.

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Note

around 5000-5500usd is where the bottom of 2019 will be.
it's gonna be the bottom of this holy bear trend.
mark it.

Note

including 4500usd where lucky btc is at

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BTCUSD is the focused boy/girl - keep playing fib 0.236 level

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what we can expect now for soon?

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u know where it might be to botoom? even ur lucky btc?
btcusd 2019 bull and bear in typical hype fib 2.618 look. bear to around fib 0.382 or 0.236:

Note

u know where it might be to botoom? even ur lucky btc?
btcusd 2019 bull and bear in typical hype fib 2.618 look. bear to around fib 0.382 or 0.236:

Note

more explanation about hype fib here:

Note

it's going blue in all aspects?

Note

look from corrective wave abc perspective:

Note

look from corrective wave abc perspective:

Note

- if breakout for pull up, watch out those blue S/R
- if can't breakout those blue lines and continue going down, watch out those green box levels of support to go.

Note

wave b target reached, following 2019 Dec 23 update.

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Trust yoursel, trust what you found out. Keep learning.
Trust what the market told you again and again. coz it's gonna tell the same now and in future.

if there are market maker in financial asset/market.
then why would you believe there's no market marker on btcusd?

financial market/asset is made by lots of money, actually huge money.
for those market maker, it's hard and it's about being professional. coz they have to follow the intl financial market rules and history well founded rules.

that's why you can see the william gann's 1/2 bounce up short levels:
in 2013:

in 2015:

and in 2020:

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what's now?
BTCUSD:
btcusd has to respect all the S/R levels.
from the prices and levels it already formed. it will get into another consolidation zone(9k-10k) before dropping.

ALTS:
what will alts do when btcusd is consolidation on recent high(9k-10k)
your long waited alt time is coming, some are already on.

ALTBTC:
can't say u would easily get to 10x. but 1-2x or 1-3x would be what you get get in most of the coins.

if you like my TA, give a like!
Follow me for more quality TA.
-

miaomiao18

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BTCUSD fib 0.5 double attempts from here - compare look- v2

by miaomiao18

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