Intraday perspective on Bitcoin, Manipulation is in play!
Hello fellas, let's make this update quick and effective. I want to give a highlight on some points below. Just make sure you give your 100% concentration here.
First, I want you to look at the blue dynamic line on daily char, that is a 55 EMA on daily chart which is very crucial on every analysis I've made and pretty essential to define my bias. Right now the price is trending slightly below this EMA 55 as a dynamic resistance, a daily candle would be very essential to wait.
Second, If you've read my yesterday's analysis about manipulation, you will understand that I've warned you to stay away from current market because there is a possible manipulation in play. and guess what? look at today's wick, that is almost 6% wick in 1 day! Clearly some people with the power try to kill all of the newbies in this industry.
Third, The histogram on MACD is looking very bullish right now. After 11 days in a row the histogram has ticked down pretty hard, today is the first day since September 12th, we have a stronger momentum comparing to the previous day, this could be bullish sign.
I personally think that bitcoin will touch the $10850 region and maximum to the $11300 region as a confirmation of wick fishing region. If today's daily candle can close above the EMA 55 line, there will be bullish movement. but, if today's candle close below the 55 EMA, we have to wait for more confirmation. Right now I am in zero position and I really think it is better to save on fiat until we get clearer and more convincing confirmation for it.
Thank you and #SAFU
First, I want you to look at the blue dynamic line on daily char, that is a 55 EMA on daily chart which is very crucial on every analysis I've made and pretty essential to define my bias. Right now the price is trending slightly below this EMA 55 as a dynamic resistance, a daily candle would be very essential to wait.
Second, If you've read my yesterday's analysis about manipulation, you will understand that I've warned you to stay away from current market because there is a possible manipulation in play. and guess what? look at today's wick, that is almost 6% wick in 1 day! Clearly some people with the power try to kill all of the newbies in this industry.
Third, The histogram on MACD is looking very bullish right now. After 11 days in a row the histogram has ticked down pretty hard, today is the first day since September 12th, we have a stronger momentum comparing to the previous day, this could be bullish sign.
I personally think that bitcoin will touch the $10850 region and maximum to the $11300 region as a confirmation of wick fishing region. If today's daily candle can close above the EMA 55 line, there will be bullish movement. but, if today's candle close below the 55 EMA, we have to wait for more confirmation. Right now I am in zero position and I really think it is better to save on fiat until we get clearer and more convincing confirmation for it.
Thank you and #SAFU
On 4 hours chart, it looks really bullish, the first tick up to the positive side of histogram and the price is breaking up the 55 EMA, we could see a higher push for bitcoin toward given target.