4xForecaster
Long

BTCUSD - Chart Update | #BTCUSD #BTC #USD #Bitcoin #Litecoin

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
157 0 1
BTCUSD             - Chart Update | #BTCUSD #BTC #USD #Bitcoin #Litecoin


Friends,

A little chart update as longs are getting the jitter, and market makers are accumulating in the background.

Our prop pattern ("Great White") is now underway, with 884.75 as a low tolerable target before dialing our directional bias to neutral. To be clear, at this point, BTCUSD             remains a bullish play.

Traders, pay particular attention to volume spikes associated with bullish pinbars, which is often a discreet indication of accumulation in the direction of the pinbar (i.e.: a bullish pinbar points up, and a volume spike associated with this candle morphology points in the direction of market intention)


OVERALL:
If and once the tides turn against our current bullish directional bias, we will provide additional (educational) technical comments on this player, but for now, it remains a bullish player. The timeframe in consideration indicates continued accumulation. Above targets will be modified once structures are taken down. But a rally will need to occur prior to this bullish commitment.

Cheers,


David Alcindor | 4xQuad.com
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out