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BTC/USD 15 min/4H charts (11/7/2018)Good morning, traders. Bitcoin has continued to move as suggested it would. As expected, yesterday's move up reached the top of the ascending channel I discussed during the morning's live stream. Overnight, the 15 minute RSI has had a good reset and MACD has just crossed bullishly. Price appears to be printing a flag, and a breach of that flag in the near term should have price targeting just above the 4H R2 pivot at around $6656. However, the longer it takes price to breach the flag the lower that target will be, as we could see price extend its retracement to the bottom of the ascending channel, though it should at least reach that R2 pivot when it does breach. This will pull price above the black TR's resistance. Ultimately, we are watching for price to push through the upper black horizontal line which denotes the top of the resistance area at the $6800 level thereby creating a show of strength (SOS). The expectation at that point would be retracement and consolidation around that upper black horizontal line (possibly printing a pennant) in the form of a "back up to the edge of the creek/last point of support" (BUEC/LPS) followed by another SOS above $7000. If that SOS-to-BUEC/LPS prints a pennant around $6800, then at this time we can expect a target of around $7600 when price breaks the pennant's resistance. This would complete the complex fulcrum and should signal the bull market is likely in effect. Remember, a breach of $8500 gives us the higher high that we've been waiting for and would likely be a strong buy signal to many traders sitting on the sidelines. After that, $10,000 becomes the next signal, and then of course the February high around $11,780. OBV continues to look great on the 15 minute, 4H, and 1D charts. The 3D chart is showing OBV breaching the resistance of the symmetrical triangle that it has been printing since June 21st. Notice that is near the price low for this corrective cycle which came just a few days later. 3D RSI has also breached its symmetrical triangle resistance that's been printing during the same period and sits just under bullish at 49. MACD is nearing the highest point it has been since January, a breach of which should be significantly bullish for the pair. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
BTC/USD 15 min/4H charts (11/6/2018)Good morning, traders. It looks like we've got things fixed on my end so I should be back without interruption now. Since the last time I posted, price has continued to move as I outlined that it was likely to do, having reached the top of the blue TR and then retraced a bit within it to print an LPS. Price topped out at $6475 which was just above the flag target of $6460. This gave price just over $150 of upward movement. Shorts have continued to drop off significantly (currently at 21473) on Bitfinex as we discussed would happen, with the Shorts-to-Longs ratio now sitting at 0.8797. Additionally, Bitmex shorts and longs are even at this time. Price is being supported by the 4H pivot, showing expanding volume on the rallies and contracting volume on the reactions. This is bullish price action, but it is a 4H TF and nothing larger so I'd like to see more confirmation via continued rising OBV. Currently, I'm watching for OBV to breach the descending blue resistance line. Overnight, RSI breached its own descending black resistance line and is bullish at 61. MACD is sitting just under the signal line waiting to cross bullishly. There was the slightest hidden bullish divergence between 23:00 CST on 11/3 and 2:00 CST this morning which resulted in the current 4H candle showing price appreciation up through the equilibrium of the blue TR. Traders need to remain vigilant because price needs a nice, strong push up to avoid possible bearish divergence which is likely to be more pronounced on the MACD. This bearish divergence would play into the 1D scenario mentioned below. Spot price is showing strong resistance at $6500 on various exchanges while swap price on Bitmex is showing significant support between $6350 and $6400. This being as it is, Bitstamp is currently showing 500 BTC support at $6300 which is greater than 2x the resistance at any point up to $6800 so far. Local diagonal resistance has been noted with a descending red line on price. The 15 minute OBV has been trending upward for the past week and has recently breached the descending blue resistance line dating back to 10/15, which is significant on this very small TF. However, it wasn't a strongly bullish break, rather it has been more of riding along the resistance/support for the past two days. If we consider that price is being contained rather than supported, as I have been suggesting based on volume and price action, then that would explain this OBV action since C.O. money is part of the smart money. So, having to sell into the rallies to keep price contained would necessarily have the effect of keeping OBV contained as well. OBV is printing a descending broadening wedge, which gives us the expectation of an increase which should result in a higher price as well. MACD just crossed bullishly and RSI is bullish at 54.5. I'd like to see RSI cleanly break 62.5 on this TF to suggest strong bullishness. Local diagonal resistance and support has been noted with red lines on price. I will provide and discuss the 1D chart in greater detail during this morning's live stream at 10 a.m. CST as well as upside targets, but it notes that RSI breached the resistance of the triangle it has been printing since its July high and is sitting bullishly at 52.5. MACD is continuing to increase but presents the possibility of hidden bullish divergence printing some time this week, starting at 10/31. MACD is pretty short on that day, so if price drops, as long as it remains above that day's low of $6199, we could likely see a lower low in MACD and a higher low in price, suggesting continued price appreciation. With overall volume continuing to dwindle, this described price action is a strong possibility. In that case, I will be watching the 1D red diagonal support and resistance lines. Daily OBV has breached its own resistance as well, which is an encouraging sign for market bullishness. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
BTC/USD 15 min/4H charts (11/2/2018)Good morning, traders. Price moved up as expected since yesterday's update and live stream, and found initial resistance at my dashed black line just above the double bottom target. This is also the 1D pivot. In terms of the local TR from yesterday, the move up was the SOS and it pulled price into the 4H blue TR. After consolidation, we should expect to see continued upward movement to the top of the blue TR and then the larger TF black TR that began two months ago. We can see that price followed the flag I had drawn on it which means we should expect price to target the $6460 area to complete that pattern's target. Currently, price is finding support on the 4H S1 pivot. Remember, a close above the blue pivot at $6410 would be considered bullish. 4H RSI breached its resistance as price pushed out of the flag and remains bullish at 58. MACD has just moved to the bullish side of centerline, and OBV is rising with the price appreciation suggesting the move up is true. Price bounced off the 15 minute Pivot and RSI is bullish at 57. MACD is pulling away from the signal line and targeting the bullish side of centerline. OBV continues to lead the narrative as it is hasn't wavered in its push upward. We can also see that price is finding a bit of resistance at the equilibrium of the ascending channel it has been printing since October 31st's pop. At this point, we want to see price pushing through the dashed black horizontal line that it found resistance at over night in order to avoid a double top on the smaller TF. A double top at that area should see price retreating to the top of the small local TR that price moved out of two days ago at $6280/$6300. I've drawn in a few channels to give you an idea of the support/resistance levels that I'm watching as price moves. As long as price remains within the ascending channel, things should be fine. A move through the bottom of the channel sets up the aforementioned test of the top of the local TR below it. A thrust through the top of it should come with the expectation of a pullback toward one of the black resistance lines drawn, depending on how hard the push is and its follow-through. On a move above that, the blue horizontal lines should provide support. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
BTC/USD 1H/4H charts (11/01/2018)Good morning, traders. The Internet is, once again, anything but stable this morning so there won't be a live stream but I will record a video and upload it as soon as the connection is stable enough to do so. Tech comes tomorrow so by Monday we should be good to go. During yesterday morning's live stream, we witnessed price doing what I suggested it would. The break to the downside stopped just about $5 from my target. After that we saw significant buying as price immediately shot up $150 right into my upper target range. This was a small shakeout which created the liquidity needed to break out of the local TR. I continue seeing the emotionally bearish "analysts" finding new reasons why price MUST go down and stay down, but my reasons for it not doing so have remained unchanged throughout this year. The shakeout yesterday created a short TF double bottom by closing above the highest point between them. Based on the pattern, we should see price targeting the $6370 area. Doing so will bring price back up into the larger blue TR thereby confirming the drop four days ago was a spring on that TR (LPS on the larger TF black TR). In this case, we should expect price to continue up as it creates multiple LPS's in the blue TR, ultimately targeting the top of the larger TF black TR that's been in play for two months. This is also the R3 pivot on the 4H chart at $6587. There is the slight possibility that price will not continue to head upward toward the $6370 target since yesterday's high was pretty close to it at $6350 and pattern targets often don't play out exactly as drawn. The 4H OBV isn't convincing at this time, but that can change by the time the candle closes as the 15 minute OBV is showing us what I want to see -- upward movement. Yesterday's pop sent 4H RSI to the resistance line, but not through it. This kept it from printing bearish divergence. If you were watching my live stream yesterday morning, then you know that price has held almost perfectly within the quick potential flag I drew right after price popped. My bias based on the volume and price action is up rather than down at this time, but a close below the $6250/$6255 level will suggest possible lower movement and I may change my opinion at that time. As long as price remains above yesterday's swing low at $6199.25, traders have little reason to be concerned. As mentioned yesterday, two gaps remain on the 15 minute chart at $6291 and $6229. In most cases, price returns to fill the gaps but these particular gaps appear to be breakaway gaps (decisive movement, associated with heavy volume, out of the local TR) which means we don't usually expect them to fill as price is expected to continue moving in the direction of the breakaway. With all this in mind, if price plays out as a flag, then the expected target based on the flagpole is around $6460. This would put it at the top of the blue TR/4H R1 pivot. Currently this is the expected movement, as explained above, while price targets the top of the larger TF black TR. The 4H RSI is printing a flag right under resistance at the moment increasing support for the idea that price will continue higher. However, as always, nothing is guaranteed in trading so traders should utilize strong risk management. Price dropping below the swing low from yesterday sets up an initial target of the bottom of that same black TR at around $6094/4H S5 pivot. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
BTCUSD 15 min/4H charts (10/30/2018)Good morning, traders. I am still dealing with technical issues with our Internet service provider this morning and will most likely not be able to stream until the tech gets here later this week. I will attempt to record and upload daily videos if possible until it is fixed. After yesterday's move, price has continued doing what it has done best for the past few months - range. As mentioned yesterday, we are watching volume and price action as an indication of where price may head in the near-term. Ultimately, price has found support on the 4H S3 pivot and resistance at the S2 pivot. While volume remains low, we can see that it is increasing, but OBV, specifically, isn't convincing at this time. What is noticeable is that the drop bounced off the July triangle's descending resistance-turned-support line. We can also see that the 4H RSI has continued to remain oversold for more than 24 hours. Shorts are up only slightly now, compared to where they were prior to yesterday's move, which is a testament to the amount of supply that has been removed from the market. Remember, the goal during accumulation is to remove as much loose supply as possible. This means creating situations that cause the weakest hands to sell what they are holding into the hands of the C.O. In doing this, the C.O. ensures that price will move up with as little resistance as possible when the time comes for price to emerge from the corrective cycle. This is especially necessary with the length of time this market has been correcting. All upward movement is met with cries of "sucker's rally" and will most likely continue as such until price breaches the February high at around $11,780. As most retail traders are more concerned with buying the absolute lowest price rather than perfecting their risk management, this gives the larger picture trader/investor the opportunity to get in before the FOMO kicks in. Overall, price remains within the larger two-month-old black TR between $6095 and $6587. Once price moves through the resistance or support of that TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. For traders interested in looking at smaller TFs, it would likely be best to just concentrate on the noted local 4H pivots. As mentioned above, price is bouncing between the S2 and S3 pivots. A break in either direction should be an indication that price will be continuing in that direction. However, until price actually breaches and closes above the blue pivot, currently sitting at $6411, all movement should be considered suspect. Those desiring to zoom in even more should take note of the blue 15 minute pivot sitting near the top of that local TR at $6298. As with the larger TF, a breach of this pivot from below, and close above, is considered bullish. This would set up a target of the R1 pivot at $6388 which almost lines up perfectly with the previous period's S1 pivot. This indicates that a bullish breach and close above it would be significant and continued upward movement should be expected with that level providing stronger support. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
1
BTC/USD 15 min/4H charts (10/23/2018)Good morning, traders. Overnight we saw Bitcoin return to fill the gap as mentioned it would do yesterday. But, in doing so, price has moved below the black ascending channel that was in the process of printing so I have removed it. More 15 minute gaps were created on the move down so we can expect price to fill them as well now. We also saw a large spike in volume on the candle low, suggesting absorption continues to happen in that area. This was the largest volume that we have seen on that TF in the past five days. RSI bounced off oversold and MACD just crossed bullishly on the 15 minute TF. OBV fell through the bottom of the ascending channel, which became an ascending wedge, that it's been in since 10/18, but remains higher overall. My expectation is to see price breach the red descending broadening wedge's resistance and, if it does, then the descending dashed red resistance line as it targets $6470 at least. If price happens to breach the local 4H TR's resistance at $6494, then the expectation is for it to target the previous 4H R1 pivot at $6540. 4H RSI is just shy of bullish at 46 and recently bounced off a minor support level. MACD has just crossed to the bearish side of centerline but is curling up which means its bearishness may be short-lived on this TF. OBV appears to be printing a descending wedge which is bullish if it continues to play out as such. Looking at the 4H TF, we can see the local TR in blue. It appears to be printing the LPS for the larger black TR ($6100-$6600). Zoomed in, we can denote the BC, AR, ST, and SOW. Why is the previous drop likely a SOW and not an ST? Because of the volume. We see volume continuing to drop as price rose afterward. The current overnight low should be considered a SOW, as well, if we see the same thing. If it is, then we can expect likely price movement downward as this local TR should be considered distribution. However, if it plays out as an ST, then the odds are increased that the local TR is re-accumulation and we can expect to see likely price movement upward. Lack of upward momentum at this time remains suspect as the consolidating volume will likely see a sudden expansion, so traders should approach any entry with caution. I continue to watch the 1D TR between $6095 and $6587. I believe I mentioned yesterday that the top of the TR was $6384, but that's what I get for hurrying. I apologize for the mistake. Once price moves through the resistance or support of this TR, I will evaluate the movement to decide whether I will enter at that time. Until then, all this little movement is nothing more than noise with a risk that is far too great in exchange for any reward for me. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
BTC 15 Minute/4H charts 10/18/2018Good morning, traders. Price has been trading within this local TR for the past three days now. On the bright side, we have seen consistent higher lows during this time. The CBOE expiration yesterday didn't lead to much of anything - a $34 drop about an hour prior and then a subsequent rise of $78 into the evening. Demand remains prevalent at this time as the large volume spikes are most often associated with large green candles and when we see spikes in volume on black candles, those candles have long lower wicks and short bodies which denote absorption. We can also see some of the larger volume on small black candles which denote the same. Finally, there are also some small black candles with larger volumes which shows us that the effort is far exceeding the result meaning that demand is greater than supply. The volume, of course, is relative as it is lower overall, but I am specifically discussing the volume on the 15 minute chart within this local TR as price consolidates. All this being as it is, I have to also point out that recently we are seeing volume generally increasing on the downswings. This could be a sign that supply is increasing so traders must remain vigilant. Price has continued to fill the gaps created in this local TR, and if that continues then we can expect price to at least return to $6460. We should see this happen on a break of the descending dotted black resistance line that starts at the overnight high. Remember, price is consolidating upward toward $6467-$6490 so we should expect a pop. The question remains, will that pop be up or down? The 4H chart shows us that price has exited the July triangle, however we have yet to see the pop and, as such, traders should remain cautious at this time. You can see that I have adjusted, what appeared to be, a symmetrical triangle to an ascending triangle. The blue price lines denoting initial targets are still valid however. The ascending triangle should just mean that price is more likely to pop up than down, but in order to do so we need to see price make some upward moves today and tomorrow. We can see RSI trending down, but this may be a flag signalling an impending breakout to the upside. Until RSI breaches that ascending resistance line, traders must give weight to the fact that RSI is dropping. MACD's histogram has been moving within a horizontal channel since the beginning of September. We can also see the MACD, itself, has been moving within a descending channel during this same period though we had a recent breach of the top and are currently possibly retesting it as support. Why is this important? Because price is just beyond the July triangle and is printing an ascending triangle, shorts are over-extended, RSI is possibly printing a bull flag, and the MACD histogram has trended sideways. These are all bullish, or neutral at worst, situations. A strong move up at this point from the MACD should indicate that all the other patterns will play out bullishly as well. In addition to all of this, OBV has continued to trend higher although price is lower than 10/14's spike. As mentioned, shorts are building up once again, currently sitting at 35482. The shorts/longs ratio is now at 1.6035. Generally, these things don't bode well for shorts but price is in a precarious position, so traders may find it most beneficial to wait to see how price plays out before entering a position. 1D MACD just notched a bullish cross and has been trending upward since the beginning of September, and RSI is near the resistance of the symmetrical triangle that it has been printing since June/July. In other words, there's a lot of possible bullishness waiting to be unleashed, but it's just potential. There is no guarantee price will break up. For me, there continues to be no good reason to enter a trade, long or short, at this time. The risk far outweighs any potential reward in doing so. As such, I will continue to watch the 4H TR support and resistance (denoted by the horizontal black lines) for price breaches which would indicate likely continued movement within that direction.
BITSTAMP:BTCUSD
by Chris_Inks
1
Accumulation in Phase D / LPSGood spot to long $CHK if you are a Wyckoff student. This accumulation trading range has produced significant cause with conservative projected target of $24. 9 buying tests: 1. Downside price objective accomplished? Yes 2. Preliminary support, selling climax, secondary test? Yes 3. Activity bullish (volume increases on rallies and decreases on reactions)? Yes 4. Downward stride broken (that is, supply line penetrated)? Yes 5. Higher supports? Yes, 1 6. Higher tops? Yes, 1 7. Stock stronger than the market? Yes, vs $XOP, $XLE, $SPN 8. Base forming (horizontal price line)? Yes 9. Estimated upside profit potential is at least three times the possible loss? Yes
CLong
by dk20dk
1
Bitcoin's price hits resistanceGood morning, traders. Bitcoin's range continues to tighten as traders become restless. Don't allow this lack of price action push you into making an emotional decision. If you are actively trading at this time, then you should already have a plan in place. And if you have a plan, then you shouldn't allow emotions to change it. Currently, we can see price printing a possible descending wedge. I continue to watch the 15 minute gap at $6558 as it acts like a magnet and, with price so close, we should expect it to fill on the 15 minute TF before price makes any potentially definitive movements upward. As such, I have included the descending channel that price has been moving within as an idea of what I am watching. At this point, a breach of the channel's resistance is also a breach of the July triangle's resistance. The 15 minute TF just bounced off oversold for the second time this morning and the MACD and its histogram recently printed bullish divergence but this is likely to be short-lived due to the very short TF. The 30 minute TF has room for RSI to fall and the MACD's histogram was the only bullish divergence noted. However, when we zoom out to the 4H we can see price rejected at that triangle's resistance and its subsequent pullback into the TR. We can also see demand in the form of price action and volume. The volume expands when price increases and contracts when price decreases. MACD is turned down and nearing a bearish cross of the signal line, but it's not guaranteed to happen yet. If it does, I will be watching for hidden bullish divergence to print on the histogram. This would require price to remain above $6516.23 while the histogram prints a low below that seen on October 7th. The 1D shows the price contraction as today's candle remains confined within yesterday's highs and lows. At this point, even the body of today's candle is contained within the body of yesterday's candle. That doesn't mean it will stay that way, only that this currently describes price action up to this point. We can see the downward pressure from the triangle's resistance and the rising support from the ascending blue channel colliding. RSI remains bullish at 50.6 albeit flat since September 20th. MACD is near a bullish crossover of centerline but finds itself pulling back toward the signal line as a result of today's price action so far. OBV has continued to rise with price since October 3rd confirming the bullish movement for now. A drop through the proposed channel support means that we should be watching the ascending support line from the September triangle. Failure for this to hold then sets up the July triangle's support (ascending dashed line) as the watch area.
BITSTAMP:BTCUSD
by Chris_Inks
2
The EURUSD "over-extended" AugustI have said it several times I remain an EURUSD Bearish bias - long-term - due to the monetary policies divergence, on top of the fact that market unlikely have fully priced it in (hence there could be more move to the downside). To the shorter term however, I am pretty much Bullish bias because of the following : 1) EURUSD has had a strong sell-off in which it reached the average monthly range and exceeded it roughly by 50%. The market belief that I have (among others) is when a trading range for a particular timeframe has been exceeded, it has a high probability of the price to "take a break" (moving sideways without a definite trend in relation to the timeframe you are looking) before continuing it's trend or retraces/reverses. 2) In H4, my personal trend identifier have turned into bullish (not specified nor illustrated in the chart) and the weekly range High suits the minimum size that qualifies as a retracement leg 3) No risk event moves (economic data) that potentially could affect the Euros and Dollar today, so technical moves can be expected (i.e buying/selling at significant levels, profit taking, its Friday) How will I determine my entry? : When any of these three levels (marked with a circle I have drawn) are tested and the reaction following to that are W patterns or Bullish Engulfing candle target : Today's projected daily range High though I won't be surprised if the weekly range high could be reached today, but I won't hold my breath Setups other than this (that is not even near to my setup), will be ignored. Give me a follow if you like the writeup.
Long
by sufiansaid
Daily Range - EURUSD exampleSome of the typical occurances in the day week in week out. Here's what needs to be taken note : 1. Price hit the range has high probability for the price to reverse or move sideways (especially after London closes) 2. If price hit the range, sometimes it is followed by a "final" push (breaking the range) before a reversal happens. Some like to call it Market Maker manipulating the market or stoploss hunt or the usual "fake breakout" 3. If price exceeds the range by significant amount, most likely the following day its gonna be a quiet market (paying the market in advance). 4. Price exceeding the range more often than not a result of price not hitting the range by significant amount in the last 2-3 days (paying back the market) This is NOT a trading strategy, just another analysis tool like you would in analysing Support and Resistance or Supply and Demand. If you like the writeup, give me a follow, find me at youtube 'Sufian FX Trading", reach me at twitter sufian_fx for discussion or questions. Thanks
Education
by sufiansaid
Buy EURGBP Heading Towards 1.618 Extension (DAILY)Price bounce from mid trading range and channel zone heading towards 1.618 extension of lowest low and following higher high. 1.618 extension is also upper resistance. 1.272 extension turned into support from previous resistance You can take the buy and set your target to that area or wait for price to reach that point and watch for potential sell reversal set-up. Higher probability of the big boys pushing price to that area for that exact reason. Negative correlation with EURUSD as it heads down - link to related EURUSD idea below. Risk/Reward 1:1.5
Long
by TevinW
My Wickoff Updated and Refurbished on Bitcoin In previous Analysis I was explaining a lot about our accumulation Zone and all the details that it required to be explained. Thus, I think I made a mistake on timing the market, and since I always update my analysis, when I checked my Chart I realize one thing, THE VOLUME, I know I have been talking about volume a lot, but I wasn't seeing correctly the volume in phase b, the thing is that we never had a spring, that was ST, but the reason because I didn't see it is because BTC found the bottom lower than the SC, because Selling Pressure really got exhausted at that point, and apparently in th 6kish and 5.9kish there is not a lot of supply, that's why volume decreases in each dump, and now I can expect a real Spring in Support Lines A-B area once again before moving upwards, The Creed matches like a mirror from schematic #1 but it fits more likely, it doesn't really matter. If this is correct, it would match with previous analysis where I see a mark up in July for the short term, and maybe we can get to retest trend line, this doesn't mean reversal, just means that a shakeout is needed. Well let's see what happens now in the upcoming days. SPANISH En Análisis anteriores he estado explicando mucho sobre nuestra Zona de acumulación y todos los detalles que requería explicar. Por lo tanto, creo que cometí un error en la sincronización del mercado y, dado que siempre actualizo mis análisis, cuando revisé el Gráfico me di cuenta de una cosa, EL VOLUMEN, sé que he estado hablando mucho sobre el volumen, pero no estaba viendo correctamente el volumen en la fase B, la cosa es que nunca tuvimos un Spring, este era un ST, pero la razón porque no lo vi es porque BTC encontró el fondo más bajo del SC rodando los soportes mas abajo y, porque la presión de las Ventas realmente se agotaron en ese punto y, aparentemente en los 6k y 5.9k no hay mucha oferta, es por eso que el volumen disminuye en cada declive (Dump), y ahora puedo esperar verdadero Spring en las Líneas de Soporte A-B una vez más antes de movernos al alza. El Creed se ve como un reflejo del que se muestra en el esquema #1, pero es más compatible, realmente no importa, funciona. Si esto es correcto, coincidiría con un análisis previo donde veo un movimiento alcista en julio para el corto plazo y, tal vez podamos volver a testear la línea de tendencia, esto no significa inversión de tendencia, solo significa que se necesita una sacudida. Bueno, veamos qué pasa ahora en los próximos días.
by G0ldenross