Bitcoin - Buy The Panic
Updated
CHART 1: BACKGROUND
Demand was found $7,435 Sull Sash / 0.382 fib support level and
reversed 40%, forming a Bullish Engulfing Pattern.
This support level has been sufficiently confirmed enough to
warrant the assumption of a higher low formation, leading to a
test of $12,505 Bear Sash resistance.
We can assume that we are in a box range and moving to confirm this
fact via the second testing of resistance.
The second confirmation of the box range support broke out of
Phi EMA 144 resistance.
Panic sentiment is building as we near this test of support.
Let us recall the wise adage: buy the panic, sell the greed.
CHART 2: PANIC BUILDING
Demand was found $7,435 Sull Sash / 0.382 fib support level and
reversed 40%, forming a Bullish Engulfing Pattern.
This support level has been sufficiently confirmed enough to
warrant the assumption of a higher low formation, leading to a
test of $12,505 Bear Sash resistance.
We can assume that we are in a box range and moving to confirm this
fact via the second testing of resistance.
The second confirmation of the box range support broke out of
Phi EMA 144 resistance.
Panic sentiment is building as we near this test of support.
Let us recall the wise adage: buy the panic, sell the greed.
CHART 2: PANIC BUILDING
Comment
BTCUSD: Down Move ComingComment
Bullish Perspective ^^Comment
4H BTC: SLK to knock buyers out before breakout out of 8600?Comment
Why we should buy Bitcoin:Comment
Comment
TD SEQUENTIAL SETUP 9 BUY TOMORROW (D2):Comment
BTCUSD - DAILYT-Minus 40 Minutes To New Daily!
Tom DeMark Sequential:
- TD Setup 9 buy completed.
- TD Sequential 13 buy countdown completes today.
- TD Setup 9 buy completes in two days.
Fibonacci:
- 31D Fibonacci from 01 February Hammer Low to 04 March Bearish Engulfing Pattern High has current price at 0.618 with buyers creating a lower shadow.
Chart Pattern:
- Falling Wedge
Wyckoff:
- Created Uptrend line and Parallel Channel with (A) Morning Star, (B) S13, and (C) Shooting Star.
- Price is intersecting within a Reverse Down-Channel and uptrend line/parallel channel.
Candlesticks:
- The Daily candle closes in approximately 30 minutes. The current candle is developing a lower shadow (demand). This is occuring at former 21 October Evening Star resistance; a.k.a. this is a test of Change of Polarity (test to see if old resistance is becoming new support).
Summary:
BUY
Comment
BTCUSD - 15 MINUTE Wyckoff:
- Create panic selling below SL.
DeMark:
- Complete Perfected 9 Buy Setup
Comment
Logical thing for Operators to do now is knock out buyers and absorb panic. 8K STOP LOSS KILLER.Comment
S13 bounce was weak. Get out. Go for buying the 9 on November 21st.Comment
Looks good:Comment
Ascending Triangle = Short Squeeze:Disclaimer
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