acatwithcharts

acatwithcharts

If you look at the 4h Bitfinex chart, a dragonfly doji (possibly clearer on other exchanges) completed. The very next minute on the 1m chart, a large sell order with a long wick candle appears. This looks like some whale fished for stop losses immediately after a short-term buy signal. This is moreover a moment of low volatility with the TTM squeeze red for...

acatwithcharts Updated 

BTCUSD bounced off the 0.382 retracement line that I don’t see on nearly any charts – the one from the continuous rally from the weekly/monthly chart since 2015. It then proceeded to break its downward channel. There’s been RSI divergence and declining sell volume leading to this point. I don’t really know what the target should be if this is indeed the local...