REFER TO THE ATTACHED LINK FOR IDEA PARAMETERS :D Bearish 4H Respect of Daily Level of Resistance Rejection of 38.2% Fib Level Break of Counter-Trend Line Pullback and engulfing on 4H after CTL break. Break of consolidation, pullback and #QuantumCreations #ForecastingReality
I rotate 180 and reverse horizontally to see if BTC looks good to go up. In this set-up, BTC looking good to go up means good to go down. Many times this has helped me understand the price movement.
Ill link a quick btc chart so yall can see.
Good Luck !!
Found support above downwards trend-line. Price jumped above .1 retracal (on a 6k to 11.78k fib). Price confirms .1 retracal as support. Price fails a head and shoulders, falls down to the 200ma on the 1hr. Price finds resistance on the 50ma as it moves up. Price was rejected from the .1, has used the 200 ma as support, and it looks like the 20 and 50 ma may...
Forgot to mention that we may be printing a bear flag/pennant on the daily chart BTC/USD. These break to the downside. This sideways movement on the daily is not a strong indication of bulls being in control. The "V" structures of bullish volume is a far better indicator of finding a bottom and shooting through major resistance level. Right now the $6700-6800 is...
In the short-term and medium-term we are bearish in this market. However, in the long-term we are definitely bullish. Our downside targets find BTC to find the bottom somewhere between $4000-$5.2k. This is a broad range because we have to see how the days/weeks leading up to it will reflect on the price action. We will give a more precise target as the price...
A bullish lookout. Although fractals? Basing future price predication's off past prices?? Or market cycles, we'll see. If so maybe it plays out much faster, 2014 went sideways for a long while. I believe we are approaching a deciding point. I'm hoping for increase in price soon (1,2 weeks max). Want to say 6.7K low. I wouldn't sell now. I cant really chart,...
Good Luck all !!
Like on my previous videos i like to analyse the 4h and daily charts , so i can have a bigger picture of things and i can trade in a more relaxed kind of way ! So now lets get to the analysis , Here are the most important points : -Bears are still in control (watch out for dumps) -Possible bullish outcomes with a bollinger band spike -Watch the previous highs...
hi all, as we suspected - the signs of a new bull market have subsided and our systems triggered short on Sunday. Will this be the last leg of the push where we crash to $4,800 or will we find some support in the $6,200 area and bounce before the final crash to $4,800? Let's analyze...
As I predicted in my last video, bitcoin hammered down through the pennant support after a very weak and unconvincing small bullish rise in price. You may have already went short at a break of the pennant at around $7250 and are now solidly in profit. If not, do not dismay as these pennants often times offer "2nd chance entries". Very often in breaks of a...
Everything explained in video ! Good luck !
Price has had a small bounce off of the bottom of the pennant that I have been discussing for the past few weeks. This is a bearish bias pennant and one that I am watching to go short from. There are 2 potential trade setups to get short, one is simply going short on a break of the bottom of the pennant, which will confirm the pattern. The second option is if...
In this video we look at the 2013 and 2014 crashes and what were the preceding and succeeding market conditions -- and what that means for us now in 2018... A new bull market has started - but the risk to roll over into a crash is still there.
BTC - Symm triangle / Trading range accumulation.. Whats next..