The Crystal Ball
Updated
BTCUSD BITFINEX 4H
Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon.
Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level. Not the close of the next 4 H Bar is crucial. If the bar closes RED, price will have fallen and we will have an ABC Pattern and entry short and a clear SELL signal. If it closes GREEN we will have a Ring Low, a classic Bottom structure that would be very Bullish. It would be a Clear buy signal.
For the aggressive trader any Break of the recent lows at $9,516, would be a sell, and a break of $9,750 could be a buy. Clearly it’s a key area on the chart and we will hope the US volume will come in and make it clear for us.
Of these entries I would be prepared to sell the first break below $9,516, and will write it up for you. I see a break being very Bearish. If we go long just use the Blue levels.
Sell $9,515.00
Buy back Targets just before the Orange lines at $9,013.00 and $8,338.00, I will post more targets if we get entered.
Quote of the Day
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Hey followers and welcome to a new Chart, post and bias on BTC after our last marathon.
Since price came back to the key $9,750 level, not much has happened in terms of price movements, but what has happened is crucial to our Analysis, and Bias and dictates our next entry. We have sat in a small range but we have a 4H close below the level. Not the close of the next 4 H Bar is crucial. If the bar closes RED, price will have fallen and we will have an ABC Pattern and entry short and a clear SELL signal. If it closes GREEN we will have a Ring Low, a classic Bottom structure that would be very Bullish. It would be a Clear buy signal.
For the aggressive trader any Break of the recent lows at $9,516, would be a sell, and a break of $9,750 could be a buy. Clearly it’s a key area on the chart and we will hope the US volume will come in and make it clear for us.
Of these entries I would be prepared to sell the first break below $9,516, and will write it up for you. I see a break being very Bearish. If we go long just use the Blue levels.
Sell $9,515.00
Buy back Targets just before the Orange lines at $9,013.00 and $8,338.00, I will post more targets if we get entered.
Quote of the Day
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Note
W are still hanging around in the tight range on BTC. We really need some volume to blow this in either direction.Note
here it goes make sure you get in on this tradeNote
If you went short you need to buy back now, we didnt get the break short we were expecting after the bottom broke.Note
You can but here being a break of 9750, but need to be aware that volume is low, and price may drift around. The trade is a bit more risky here than normal.Note
You can buy here being a break of 9750, but need to be aware that volume is low, and price may drift around. The trade is a bit more risky here than normal.Note
If you are buying in this market, i would be prepared to take some profits a lot more aggressively than normal with the dotted Blue lines as Targets 1 and 2.We have had a very good time in a tough market over the last few days. The odd loser in inevitable, we will continue to watch and advise you of the best opportunities to profit in these markets.
Note
Note
Target 1 and 2 hit, and Target 3 set as BTC finally breaks the tight rangeAfter a number of False starts while BTC Ranged, we have been entered ln and hit Target 1 and 2. WE have now set Target 3. Its very important to regularly take profit in markets like this one where price is chopping around
Note
Congratulations to those in the last trade. Target 3 on our trade has just been hit. We should have most of our position closed while we take on the top trendline.
WE have just posted a new Daily analysis
Remember to bank your profits, and like our posts and follow us for more
Note
Chart confirming the three Targets have been hit
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.