Optimismpessimism
Bitcoin - trade without emotionOptimism Pessimism hints at an Accumulation Period .
Force - Bullish Divergence with the price action, it can be invalidated at the day close if the price doesn't recover a bit.
Technometer - Bullish Divergence with the price action and going oversold at 40.25 (38 or lower is considered to be clearly oversold).
Momentum - Interest is slowly building up. The 🌈 Rainbow Momentum shows an upward tendency.
Future targets: 7500, 8500, 9500 areas.
Always make use of Risk Management .
Past performance is not indicative of future results, but...
Bitcoin - Another Volume StudyMomentum - it indicates declining interest .
Technometer - it shows a 🐻 Bear signal , and it is heading downward.
Optimism Pessimism - Bearish Divergence with the price action.
Force Index - another Bearish Divergence with the price action.
The overall Sentiment is too bullish , this indicates a drop in the price is near.
The target is around the 8k level.
Bitcoin - follow the liquidityMassive Buy opportunity:
Technometer Oversold and Bullish Divergence
Optimism Pessmism - longer term Bullish divergence
Force - longer term Bullish divergence
It suggests the Manipulators have filled their buy orders, and a move higher is to be expected.
9600 would be a good Take Profit Level.
Bitcoin - reading the volumeAfter a bullish divergence, both OP & Price are in harmony and are considered to have a harmonious action .
It suggests the market will continue to move in that direction.
Levels of interest: 9600 for Take Profit; below 7600 for Stop Loss.
The Optimism Pessimism indicates the amount of effort going into moving the market up or down.
Wyckoff, Elliot Wave, Heikin Ashi, FibsBTCUSD Analysis
Harmonics:
- An AB=CD pattern seemed to be forming, but the ratios were not respected.
Elliot Wave:
- There is an Elliot Wave ABC correction that may be followed by an impulse.
Heikin Ashi:
- Bullish Trend.
Wyckoff Arsenal (The Wyckoff Method):
- Force vs Price Bullish Divergence;
- Technometer Clearly Oversold at 37.52;
- followed by a higher low at 40.24;
- and a small Bullish divergence with Price action.
Interested Target ares: 13618, 16618
Stop Loss level: 8960
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Wyckoff Arsenal indicators:
- Optimism Pessimism Index Multi-Timeframe
- Force Index Multi-Timeframe
- Technometer Multi-Timeframe
- Momentum Multi-Timeframe