Based on my analysis,
After the big fall, I see the bulls are consolidating now. One master piece is missing though, the
S4W compression indicator on my graph is still in red. No Expansion yet.
So everything is in place except that red compression. When this indicator will go green, we will have the last confirmation to BUY.
So I don't advice to go LONG immediately. I will surely post another message linked to this idea when I'll think it's okay for a BULL move. Will it be a rally? I don't think so yet.
In the S4W Mirror/Stop indicator, I can see the battle between bears and bulls are in favor to the bulls, since bulls came over bears twice in a row. But the overcomes were not exceptionnal though.
The Bitfinex Dominion indicator is still in green, which is good advice, saying we're still in a
wave powered by the bullish gang. Bulls siesta is over now :-) (time for rebellion agains the bears)
The S4W horizon brings 2 information:
1/ An uptrend is forming. The orange line is going nicely down
2/ The bright green line is also starting an uptrend (by going down: good move)
But as I said , we are still in a compression period now (based on the S4W compression indicator).
Its line is still red. let's wait a bit...
PS: don't take my words for granted. Do your analysis, re-analyze, then trade.
PS2: Don't hesitate to LIKE this idea, and follow me to get my latest ideas.
After the big fall, I see the bulls are consolidating now. One master piece is missing though, the
S4W compression indicator on my graph is still in red. No Expansion yet.
So everything is in place except that red compression. When this indicator will go green, we will have the last confirmation to BUY.
So I don't advice to go LONG immediately. I will surely post another message linked to this idea when I'll think it's okay for a BULL move. Will it be a rally? I don't think so yet.
In the S4W Mirror/Stop indicator, I can see the battle between bears and bulls are in favor to the bulls, since bulls came over bears twice in a row. But the overcomes were not exceptionnal though.
The Bitfinex Dominion indicator is still in green, which is good advice, saying we're still in a
wave powered by the bullish gang. Bulls siesta is over now :-) (time for rebellion agains the bears)
The S4W horizon brings 2 information:
1/ An uptrend is forming. The orange line is going nicely down
2/ The bright green line is also starting an uptrend (by going down: good move)
But as I said , we are still in a compression period now (based on the S4W compression indicator).
Its line is still red. let's wait a bit...
PS: don't take my words for granted. Do your analysis, re-analyze, then trade.
PS2: Don't hesitate to LIKE this idea, and follow me to get my latest ideas.