1D RSI - is still in the channel, riding it downwards:
1D Stoch - same as RSI, oscillating right in the middle, with the fast stoch pointing upwards, and slow stoch downwards:
1D Stochastic RSI - shows exhaustion, looks bearish:
1D MACD - Very neutral, but broke a channel previously formed:
1D CMF - Pretty bearish, broke a channel we previously formed:
3D RSI - broke out the channel we've been forming since July:
3D Stoch - Broke the channel we've been forming since August, but very shy, with the fast stoch pointing downwards and signaling a sell:
3D Stochastic RSI - couldn't break the channel, we're riding the top, looking pretty bearish for me:
3D MACD - Looks like jackshit, still in the same channel, pretty neutral, but both fast and slow MA's are pointing slightly upwards:
3D CMF - broke several resistance channels formed throughout the year, now closing to a possible support
1W Stoch - couldn't get more bearish than this honestly:
1W RSI - Broke the channel we've been forming since July!
1W Stoch RSI - Still in the channel since May
1W CMF - Looks bullish, but could find resistance here!
1W BBW - THIS WEEKLY CANDLE WILL CLOSE SOON AND PUSH THE BB's EVEN LOWER THAN IT IS RIGHT NOW! IT'S A SIGN THAT WE ARE APPROACHING A VERY VERY VIOLENT MOVE SOON!!!
1W Overall view - This weekly candle looks like total shit if it closes like this!
Longs vs Shorts - Longs are trying to go up a bit:
1D Stoch - same as RSI, oscillating right in the middle, with the fast stoch pointing upwards, and slow stoch downwards:
1D Stochastic RSI - shows exhaustion, looks bearish:
1D MACD - Very neutral, but broke a channel previously formed:
1D CMF - Pretty bearish, broke a channel we previously formed:
3D RSI - broke out the channel we've been forming since July:
3D Stoch - Broke the channel we've been forming since August, but very shy, with the fast stoch pointing downwards and signaling a sell:
3D Stochastic RSI - couldn't break the channel, we're riding the top, looking pretty bearish for me:
3D MACD - Looks like jackshit, still in the same channel, pretty neutral, but both fast and slow MA's are pointing slightly upwards:
3D CMF - broke several resistance channels formed throughout the year, now closing to a possible support
1W Stoch - couldn't get more bearish than this honestly:
1W RSI - Broke the channel we've been forming since July!
1W Stoch RSI - Still in the channel since May
1W CMF - Looks bullish, but could find resistance here!
1W BBW - THIS WEEKLY CANDLE WILL CLOSE SOON AND PUSH THE BB's EVEN LOWER THAN IT IS RIGHT NOW! IT'S A SIGN THAT WE ARE APPROACHING A VERY VERY VIOLENT MOVE SOON!!!
1W Overall view - This weekly candle looks like total shit if it closes like this!
Longs vs Shorts - Longs are trying to go up a bit:
Note
As you guys probably already know, a change of trend happens from inside-out. So if we manage to break that RSI trend and close above it on Daily, we might kickstart BTC to form a new high on one of my targets from the first post.I have the same targets as I had one week ago:
Short term targets:
For bulls:
Most likely: 6520 to 6550
Then: 6610 to 6635
6745 to 6830
Extremely unlikely: 7350 to 7380
For bears:
Most likely: 6350 to 6280
Then: 6200 to 6150
Ultimate meltdown target: 6070 to 5940
I also have my stoploss set on Bitstamp to liquidate half of my BTC at 6350 and half at 6250.
Note
First bullish OB hit @ 6209
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.
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.