[Red Apple] " short briefing for BTC on BITFLYER " _ 18.08.07
I guess there's nothing special compared with previous briefing. so, here is short briefing for BTC on BITFLYER.
1. Short Briefing
a. Breakout of Flag pattern.
b. Breakout of up-trend line -> focus on closing price on daily chart
c. Moving between Fib. 0.5 ~ 0.618
At the moment, many conditions are not so good for going up. Breakout of many support lines and Heading down all EMAs.
2. Expectation
It can move like above chart.
even it goes down, it can be supported from yellow box.
3. Countermeasure
a. Down
if you bought BTC using A Cypher or trend line, strictly keep your stop-loss. if you trade from BITFINEX, there is still a gap to trend line. if it is broken, just be careful.
b. Up
Focus on penetrate of 20EMA and 0.5 Fib.
4. Summary
the chart on BITFLYER is working quite good in terms of Fibonacci, trend line and etc,. maybe it does because of BTC dominance(always 1st or 2nd rank). In this reason, BTC on BITFLYER was introduced in this briefing.
(For your reference, now, 1st rank BitForex 41.67% 2nd rank BITFINEX 12.42% 3rd rank BINANCE 5.24%)
Actually, i think it is not so good to check many charts from different markets. but it is good to understand more precisely BTC market' position.
This is end of this briefing and if found something from the market, i'll try to give comments.
If you got help from my briefing, click "+Agree, +Follow".
1. Short Briefing
b. Breakout of up-trend line -> focus on closing price on daily chart
c. Moving between Fib. 0.5 ~ 0.618
At the moment, many conditions are not so good for going up. Breakout of many support lines and Heading down all EMAs.
2. Expectation
even it goes down, it can be supported from yellow box.
3. Countermeasure
a. Down
if you bought BTC using A Cypher or trend line, strictly keep your stop-loss. if you trade from BITFINEX, there is still a gap to trend line. if it is broken, just be careful.
b. Up
Focus on penetrate of 20EMA and 0.5 Fib.
4. Summary
the chart on BITFLYER is working quite good in terms of Fibonacci, trend line and etc,. maybe it does because of BTC dominance(always 1st or 2nd rank). In this reason, BTC on BITFLYER was introduced in this briefing.
(For your reference, now, 1st rank BitForex 41.67% 2nd rank BITFINEX 12.42% 3rd rank BINANCE 5.24%)
Actually, i think it is not so good to check many charts from different markets. but it is good to understand more precisely BTC market' position.
This is end of this briefing and if found something from the market, i'll try to give comments.
If you got help from my briefing, click "+Agree, +Follow".
Comment:
As I mentioned, in case of 'UP', check whether 20EMA on 4H chart and 0.5 Fib is broken or not.
Comment:
It goes up by supporting trend-line on BITFLYER and now it is slightly staying over 20EMA. it can be a basis of BUY.
Check 0.5 Fib. either.
This is end of briefing. Thanks : )
Check 0.5 Fib. either.
This is end of briefing. Thanks : )
