Simple Says it AllThis is simple chart with Parabolic Stop and Reverse (PSAR) and Momentum Average Convergence Divergence (MACD)
FIBs are used on both. Resistance is FIB .5 for the candles.
FIBs are set at the ultimate lows and highs for each.
Interesting that the MACD signal line (Blue) is just at the MACD zero line.
This is a strong Bear Market still. Trade dips carefully. For those that dare. I trade dips if and only if I can establish a .10 gain on the trade with volume.
It is very possible that a downward continuation will persist until a 786 is achieved.
However, there are recent events that will impact the trades.
1) South Korean officials have halted the embargo on crypto overnight. The legitimate holders of cryptos will be able to continue trading. The exchanges are now fully operational and free to trade.
2) The real BTC futures market contracts that are strong shorts will come off on the 26th.
3) The first set expired Friday-This may be why the 18th popped.
A MACD closure to up an a PSAR change are very good indicators to go long.
