Here's an hourly chart recommended on the previous Daily chart post for scalping of a likely pullback. As explained there, we were looking on H1 chart for a break of 13CCI down thru an uptrendline, shown here on chart, from 44315. Resumption of Up trend would be a cross of CCI back up thru a down trendline on CCI, after tagging -38.2% retracement
Finally BTCUSD Daily has a solid 13CCI trendline break for a Long signal. However, be cautious because 1) BTCUSD just had a abnormally strong candle up 2) price is about to run into strong resistance at 50 sma 3) I need to see clear divergence on CCI relative to the CCI low on the time cycle to the left, followed by a rest of the low, before a Long can go far. ...
The chart is marked with three decision points. Two CCI decisions are already short. I had "hoped" price would turn north again around 62,000. I am aa bit concerned now. If price drops thru -38.2% I'll be sidelined. There are many factors upcoming that you should watch. Generally speaking, markets are positive between Thanksgiving and Year end. But we...
Daily BTCUSD has three CCI signals. They are marked on the chart. The earliest says Short. The other two are close to triggering Short but not now, so watch for the actual Short signals on these two also.
BTCUSD tagged April highs and immediately began a zigzag retracement down, which may be near completion. A common target for a retrace is -38.2%. Expect either a strong bounce and move to new highs, or a drop to -50% to -61.8%. If below -61.8%, expect further breakdown. Check previous post commentaries added below main entry to anticipate. We took most...
It is time to be cautious with Longs Oct 20 BTCUSD at ~$67,400 almost tagged fib extention 1.618; leg C up was sl. longer than leg A up. Price had retested Apr highs, and, likely because BITO ETF's were sold for the first time, Price moved slightly above there. As noted in Comments on previous post,, because of the above reasons to expect a stall or pullback, ...
Chart is marked with what to watch on CCI chart for jump into pullback. Both 13 CCI and 100 CCI are still in Long signals. I've taken partial profits twice on move uo from~~$42,000, first at +20%, then today at b/e for all entered near $42k no matter what happens next. The other reason for taking the profits today that assure b/e for whole trade, is that price...
Encouraging price pattern but not totally in the clear. Any move below 41260 wud have me out. But pattern possible now could mimic move up Jul 20 – Aug 1, ~11 days, w 52,000 in sight I’d expect at least that many days, 11-15 days (with some drop around 6 days). We r in day 3 up now, and I’d expect minimum move up to ~52000 mid Oct, then a drop back of 40% of...
y/d BTCUSD Daily gave the CCI signal to add, where we were watchiing at the 38.2% retrace area. While the signal was 13CCI crossing up thru a down-trendline, the probability that it would happen was signalled earlier in that the unformed right shoulder of the tiny inverted H&S right there was clearly going to be higher than the left shoulder., telling mee that Up...
This is just a benchmark, with some important spots marked on the chart BTCUSD Daily is at a critical place chartwise, where if price goes up just a little more from right here (above a 61.8% retrace up of the big downmove from May), it is highly likely to reach previous highs, or, if it goes down below one or two levels shown on chart, price could still easily...
13CCI crossed up thru a down (tl), signal for Long. A good place to add to previous Long, as long as one is nimble and exit if a signal to reverse to short occurs when high is retested. see marked chart. I don't need to post if that happens. It is described now. but it would be safer to add longs if price goes above swing highs
H4 13CCI has strong signalLong with CCI break Up thru downtl The H1 chart had a break Up earlier Use caution to avoid whipsaw. This move up may reverse on retest of Aug 29 highs. If your fees are hiogher than 0.5%, or youhave to use market orders, you will havefewer directionchanges /trades. Asalways on a gvenTF,the SAR trades is signalled by CCI...
H4 13CCI has divergence and a CCI tlb for signal short 1.1808. There are 2 more things needed to have confidence in any downmove. First, after a CCI diver, Jenner' Divergence corollary looks for a price retest of high. If price goes above that, start over looking first for CCI diver Second, if 100CCI drops inside+100, that strenghthens down signal a lot Note...
H4 CCI offers a spot for adding to short here ~47600, from a 13CCI tlb and still no divergence, which suggests more down. However, The Daily 13 CCI triangle apex is barely below zeroline, plus divergence for move up into Aug21 is tenous on the price cycle beyond then, saying stay nimble. As always, the reversal signal would be a CCI break up thru a down tl
46-47K Short signal from 13CCI break thru up-tl. A more conservative signal would be to wait for Daily second candle red close below 50 sma SAR Long for H4 will be CCI tlb up thru down tl.
Update comment on previous post showed H1 short signal 46,000/ This H4 chart is marked with what will be a short signal if barclose is still crossing down thru up tl. Im going to bed. Note support only 2-4000 below if you short. Stay nimble for long signal when CCI crosses up thru down tl
There is an H4 13 CCI tlb short signal on big red bar,which completed expected zigzag down to retrace at east 38.2%, but had to run farther downto the 50smma magnet. This 38.2%/50sma sandwich area is not a sure place to short, because the 13CCI triangle apex is still above 0, which favors Up. Even if price penetrates below the 50sma, most likely it would go back...
Last post warned likely bounce up off 50sma. There was indeed a 13 CCI tlb Long signal shortly after and ran up $2000 to retest swing high. I held off posting not wantingto overtrade, but as price pulls back possibly to fib. 38.2% retracement, if it bounces up from there I'll take that long signal. I have not marked it on chart, so look at the fib retr. tool...