SU - BTCUSD analysis - analyze opportunity and risk | Weekly & 3D
weekly screenshot:
3D screenshot:
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chart based on investingscope curve chart:
detailed comparison data referring to mike btcusd comparison chart of 2019 Jan to 2015 Jan.
but having different mind from mike. coz i think now we are at consolidation, not going further lower(expecting weekly close no lower than 2500usd).
and more matching lewisglasgow chart:
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i think we are on consolidation horizontal channel for uptrend
and we are at consolidation with double bottom yet to be formed, same like what happened in 2015 Jan the channel(it's also double bottom)
when the price touch again the bottom price 3k, it will go up and breakout to exit the consolidation
to reach A price around 5k.
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there are 2 falling channels being formed - black channel 1 and pink channel 2
we are in black channel now
when breaking out from the black channel 1 and reaching price A(5k)
we will have retracement to price B, i think around 4141usd
that's also the time, chart enter pink channel 2
will go to price C, at fib retracement of 0.382 of black channel 1
then in the pink channel, it is also to form head and shoulder pattern
to retrace to the middle line of pink channel 2
the black arrow
and with head& shoulder pattern in the pink channel. to breakout from there and back to high
from there, horizontal view, it is forming big cup.
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RSI
Stoch RSI
weekly screenshot:
--
chart based on investingscope curve chart:
detailed comparison data referring to mike btcusd comparison chart of 2019 Jan to 2015 Jan.
but having different mind from mike. coz i think now we are at consolidation, not going further lower(expecting weekly close no lower than 2500usd).
and more matching lewisglasgow chart:
--
i think we are on consolidation horizontal channel for uptrend
and we are at consolidation with double bottom yet to be formed, same like what happened in 2015 Jan the channel(it's also double bottom)
when the price touch again the bottom price 3k, it will go up and breakout to exit the consolidation
to reach A price around 5k.
--
there are 2 falling channels being formed - black channel 1 and pink channel 2
we are in black channel now
when breaking out from the black channel 1 and reaching price A(5k)
we will have retracement to price B, i think around 4141usd
that's also the time, chart enter pink channel 2
will go to price C, at fib retracement of 0.382 of black channel 1
then in the pink channel, it is also to form head and shoulder pattern
to retrace to the middle line of pink channel 2
the black arrow
and with head& shoulder pattern in the pink channel. to breakout from there and back to high
from there, horizontal view, it is forming big cup.
--
RSI
Stoch RSI
