BTC price Check

By shahabs2004

Updated

Hello dear friends
on 1 hour chart of BTCUSDT
Today SHIBO can predict Downtrends TP & SL points and this is a first publish of its result on down trends
Hard to find waves?
Why not use a zigzag indicator?
in this sample ZigZag indicator combined with magic of SHIBO
ZigZag Settings are
Deviation(%)=3
Depth=2
now put SHIBO on this zigzag impulses(Black and Red Arrows) and think there is no more candle after red arrow
SHIBO calculate just by analyzing this impulse and Correction so go to chart and see its result
WOW>>>TP1 is Showing 47625 and it is Correct point that price bounced from
so its prediction is very accurate
lets see previous wave
next Comments

Note

in this wave you find that CTP Complies with end of impulse(first blue arrow)
and at second arrow The price has cut the stop line three times(gravestone doji is important here)and at last long candlestick that nicly touched SL1
I consider these to be signs of price drop
Note that this point(SL1) is not aligned with any resistance line in the chart.

Note

and for last wave
the calculated CTP3 is the end point that broken
and important part is warning level that have a DOJI and multiple touch and too many signs...
what you think or its result ???
Next DROP????
please comment and let me know
Do the analyzes of others agree with this prediction?

Note

ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes.

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What is SHIBO?
I'm researching a method I have named SHIBO.
SHIBO sets the price of the next Target(Take Profit ,TP) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
After I was able to register this method and style in my own name i will reveal Details.
I must first prove that this method is very accurate.
So I put my ideas together so that more people can get acquainted with it

THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Warning,SL) and Take Profit(TP1,TP2,TP3,CTP) points based on :
1-price movement
2-price start, high and retracement
3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign)

how to use prediction:
SHIBO show you max of 4 Take Profit line and Warning Level and Stop loss
the best one is TP1 that has higher winrate
but if CTP is lower than TP1 i prefer selecting CTP

using Warning,SL1,SL2,SL3: if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.

how TP & SL Connected?
the stop Loss for TP1 is SL1
the stop Loss for TP2 is SL2
and so on

Note

I was surprised to see that the slope performance on the middle (top) wave shows the previous peak.

Note

and last wave
do you need more description?
let me know

Note

Promise this is Final and the prediction of drop
ZigZag of 5,2
big drop impulse and if red arrow is its final correction so price could drop to TP1(CTP1 is very close to it)

Note

LTF(5 minute)

Trade closed: target reached

shahabs2004

Disclaimer

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