BTCUSD Transient Zones 1DOn the daily chart bitcoin is currently at the upper Transient Zone 61-64k marked in red and the newest TZ in yellow and blue under the current price action.
It created this zone with the recent bullish push to retest highs, and probabilities are that it will revisit this zone before breaking out much higher if it were to.
Transient Zones are rare occasions on most time frames. A Transient Zone is an area that price action breifly stayed in (single bar moves), and can be found at tops, bottoms, and sometimes flag moves that creates the pole structure then consolidation above/below the TZ.
Price action tends to revisit zones where price has recently traveled. So you can create probability vectors based on how many bars it takes on average to break a would be TZ, IE most zones tend to get hit within about ~10 bars but this will vary in markets and TF's
I checked this out the daily, and the weekly. The weekly works best in this case as the last peak that helped create this zone was well over 30 days out
Todays bar on the daily hasn't established a TZ quite yet, but as it forms, price is likely to revisit the 56k area within the next week. Price needs to close above 62k/the red zone, ideally on the weekly if we're to get to ATH's again.
Weekly:
Price action is likely to revisit the 52k area in the next 5-7 weeks,
-This is not financial advice.
Transient_zones
BTCUSD Transient Zones ContinuedWe may have made a new all time high but we didn't get the follow through... yet. So instead we're going to test some lower levels. My target is 52,698, that is the lower boundry of the transient zone bitcoin created on the weekly chart. Probabilities are we will hit that zone soon, likely within the next 3-6 weeks, if price can hold above the zone, then it may create a transient zone but is unlikely since most of the time price is recurrent.
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I've elaborated a bit more on transient zones in this post:
This is not financial advice
BTCUSD Transient Zones Volume IVIt's been about 6 weeks since I used transient zones to predict a 52-53k price, I called it 5-7 weeks from oct 15th.
So I gave you time and price targets that hit:
Anyways for volume IV I will go over this last target.
The 20-13k zone has been elusive but holds up on the bi-monthly to quarterly chart. The colored rectangles that mark those zones also help with the time frame that zone is active which is equal distance from the problem bar.
the 20-28k zone is more probable, but 13k isn't too far fetched, and bitcoin in such a volatile state, with low liquidity, and highly leveraged, it could wipe out order books and hit those levels.
Perhaps it will be on the news that tether isn't what it's cracked up to be and became some sort of printing machine, to be regulated or replaced.
Who knows what the future will bring, but again, when shtf countries will want hard assets and if they're going to use digital money, it's going to be printed by them to retain control.
That is all for now.
- This is not financial advice.
BCHUSD Going Down! Mikeiavelli Wave (Experimental EW)Going down! ah well this chart is inverted, Down is Up, Up is Down, it's the festival, the clown . What outbreak is next up in the world ??? 2020 is on FIRE!!!!!!
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This is not trading/financial advice.
Tesla Transient Zone Update 1 HourPrice likes to revisit zones, zones were price stopped and price visited once (TF dependent) establishes an area that attracts price. However if rejected, zone becomes a strong boundary for a probable duration of time. Price rarely leaves an area to never return. Yellow represents a strong attraction for price. Blue Repels.
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This is not trading/financial advice.
BitcoinUSD Transient Zones 4 Hour4 hour Bitcoin chart - bullish
Price likes to revisit zones, zones were price stopped and price visited once (TF dependent) establishes an area that attracts price. However if rejected, zone becomes a strong boundary for a probable duration of time. Price rarely leaves an area to never return. Yellow represents a strong attraction for price. Blue Repels.
BTCUSD Transient Zone Method 15M 5/18The TZ method is fairly easy. There is several tradingview scripts for Transient Zones.
You can almost grasp it by looking at the rectangles on the chart that makes up the method. It's a support and resistance system with a time factor based on the chart geometry.
www.forexfactory.com
www.forexfactory.com
docplayer.net
These resources (not that of my own) go over the strategy in detail.
Here I've applied the strategy to bitcoin on the 15 min time frame... some boxes represent zones on larger time-frames.
I've used lines at large zones/upper TF zones instead of the exact method.