First of all i need to thanks all of you for your great feed backs and lovely comments and messages after my first serious work on TV.when i started i didn't really know if you like my style or not but i figured out that my style in analyse all micro waves and patterns in short time frames really can help you to learn more and trade base on those waves.It made me happy when i saw 12 people made money with that style and that happiness really made me satisfied.Many of you my friends wanted a TELEGRAM channel to notify easier and i will create one in new week.what you need to know its that i work as a Graphic Designer in my day time and Trading in my second job that have better income from my first job but i struggling for time and always searching for more time because of that it's little hard for me to update in several apps like telegram and twitter but i will make one and when it reach a good number in followers,i will start to publish there too.
Second,i must open this for those that not read my last TA.Realtime analye its a new style that focus on short time frames and finding patterns in them.with this style we can earn from little waves by swing trading and after that learn more by seeing different patterns and sign in day instead of one week or more.we will mixing ,Ichimuko, and classic charting to find answers in this style.
So let's back to the chart now:
We had 3 Scenario in our last TA here that 2 of them survived.we are stick to red scenario now but yellow one is in the play and we have not any sign to announce that one failed.for now we will continue Red Scenario that i draw it here.Red Scenario consist of channel that i draw and 2 triangle that i draw with dotted line.for now it's our long term that we need to keep it live but as i said before we have many limits that make us doubt in it.this triangle formation from months ago can not have no meaning.for now it made for us two turning point.one at 8560 and another at 9060.if we break this limits our triangles will join in history.but don't forget our channel roof around 10500.it will biggest limit in our way to reach our ATH 1.95% but maybe our channel is not as strong as we think!!!Yeah that's can't true,every channel or need 3 impact point to make it creditable and we have three too.because of that it can be easy to reach that point and break it,but for now let's see at past and not future.
As you see we are so close to break and after that we need to test it as a support then continue our new upward trend.for now we close 2 candle in 4hr time frame above EMA50 and it's a good sign,we need to test it as support and by that make a bounce over the downward trendline .
We have an almost crossover signs in D time frame it can easily move us to 8200-8500.
We are above of ichimuko cloud in shirt time frames and near to break it in 4HR time frame.again it's good buy signal always.for those that did not entered with us from $7100 better to wait for break out and confirmation now,we are in little risky situation.
I will update this idea as soon as find new sign.
For now,Good Luck my Friends
As you saw our iH&S worked and push us over the trendline,for now we need to test it as a support and use it as a new launch pad for reaching upper targets.i moved my stop to 7549 now and working on a new chart to show you pass we need to walk on.
we need to now bearish scenario too.if we test 7650 as support and break it down it means our break out to 7750 was a fake break out and then we must hold 7450,if that break too means our downward trend continue and maybe it push us lower 7000.
So be careful and monitor trend for signs i said.if i find anything in indicators or chart i will update this.
i will update it as soon as i see a new sign
All Traders an Analysts must know this,Chart its like a Battlefield between Price and Resistance/Supports.in this war always price attack to them.Price using Patterns as a Weapon and make them ready with its movements.After they were ready price start to attack but you need to understand this reality that all attacks can't be successful.most of time they defeat by Resistance/Supports.Weopons was ok but didn't have enough POWER to defeat resistance /supports.Hope Understand my purpose to tell you this.so come back to chart.
So we lost our position and after a failed testing of little wedge we dropped to testing lower grounds again.that moves reached us to point that we pridicted last day in our chart with red arrow.by this move we finally reached to intersection point between our old downward channel and wedge that started from 7050.we are now testing them as a support.it's a really important moment for BTC to decide what want to do.As we said before BTC can move toward our black downward channel to 7512 and after that change our wedge to a simple channel or turn back to wedge at this point to earn more credit for it and just make it little wider.you can see in below our yesterday chart again to remember better.
So we drop as i illustrated and sent our channel to history,now we are making another Rising wedge in our bear flag in short time frames.as you see it can turn to a H&S and move us lower.but if you zoom our a little a look at chart in longer time frames can see that we are near to forming falling wedge too.
but many things here scared me.as you can see in chart below if we can't break limits of this wedge we will trigger a big H&S that can push us again down but maybe our wedge support can hold to drop more.
As one of my friends mentioned here in comment section we reached good retracement lvl but if this movement meant to be a Correction we can even go lower to 61% or 78% fib by this wedge.
for now market turn to very unpredictable situation again,but i feel our reversal is very close to us.
DO NOT TRADE WITH LEVERAGE.
Reason all these SUP break easy is that there is not enough Volume to confirm and hold them.just one big player enter trade and buy 1000 BTC and make it bounce and after sell higher BTC just drop again.there are just a few little players that enter trade after bounce by FOMO and loose and loose and loose again,always.
Guys at least don't use leverage on this stupidity risks.
last day drop to the channel bottom coincided with break in/out of Ichimoku cloud.that prove our good support on that area too and now we are above of ichi in 4hr.we are now above EMA50 too.break of that support will bring us to bearish scenarios that i posted 2 days ago here.
In RSI 4hr we recovered above of trend line and closing to overbought area but i don't trust in it usually,just like to use it for finding hidden divergences and swing trade in short time frames.but for now it's not bad and there is not any sign of hidden bearish div,yet
Again,it's soon to count on it but if we break the neckline and fail to test it as resistance and break it, you can short btc with full caution and stop around 7612.
So as you saw we dropped out of channel and important support @7400 and now we closing to the large channel and old dotted line that i gave you in my last BTC TA.we need to see a bounce back to 7400 area if we won't see we will go lower for 7050.
I suggest you add larger movements that you think are very likely to happen with RR analysis. If all works, I can see you joining a hedge fund as trader!
Now a dedicated follower!
$4000 BTC is honestly still to high for me. I don't get why BTC is worth anything at this point in time.
Why is a coin that is so useless worth so much when there are other coins that have real use and real potential to change the work out there that are worth sub $100's.
Blockstream killed BTC when it took command of BTC's dev team.
In my honest opinion, BTC is has all the characteristics of a coin that should be worth less than $1.