ACEACEACE BTCUSD BITCOIN UPDATE FOR TODAY LOWER T.F + LARGER T.F
This is an update to my previous idea which is still in play
Larger T.F move:
The price is still approaching the red 2/1 from the pivot low. Below this line = Bearish. HOWEVER, a WICK and bounce is possible at this RED 2/1 line.
The best short trades will come after this Red 2/1 line becomes proven as resistance - what to look for? A candle open and close below this red 2/1 - 4 hour would be the best confirmation.
If it crosses below the red 2/1 it will either 1. Dump or 2. Move up while still below the red 2/1 to hit stops and rekt high leverage + fomoers.
If a wick and bounce does not occur, both of these scenarios must be anticipated.
BEWARE: 7232 IS A SUPER HEAVY CHOP ZONE
IT IS NOT SAFE TO HOLD SHORT TRADES UNTIL / IF THE PRICE BREAKS BELOW 6900
As i said to my members - "If BTC is below 7685 on Monday (most likely will be) I will expect it to launch between December 5th-7th. ( I obtained these dates by using numerology).
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Lower T.F move (for 1 minute chart scalp trades):
This is for 1 minute chart scalps:
Daily range: 7432-7352: The price will chop within this range.
Support established above 7432 = long
Support of 7352 broken and turns resistance = short
Support established above 7432 = potential to climb up to 7900
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Super large Timeframe:
Please take a look at my previous published idea. It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom, but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish. Once it is below the red 2/1 of the Gann Fan, longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF."
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Ace Pro Short Indicator
I have also launched my Ace Pro Short Indicator today. Please visit my Published Scripts page, press the like bottom, give me a follow, and send me a DM. I would greatly appreciate it if you did that. In return I will most definitely let you try it out for free!
Thank you
Ace
Send me a DM:
Discord: Aceaceace#3248
Twitter: Cryptoaman
Tradingview: CryptoAman
Disclaimer: TODAY = UTC TIME + THIS IS NOT FINANCIAL ADVICE AND I AM NOT A FINANCIAL ADVISOR. IF YOU NEED FINANCIAL ADVICE, PLEASE GO AND FIND YOURSELF A FINANCIAL ADVISOR. I AM NOT A FINANCIAL ADVISOR.
Larger T.F move:
The price is still approaching the red 2/1 from the pivot low. Below this line = Bearish. HOWEVER, a WICK and bounce is possible at this RED 2/1 line.
The best short trades will come after this Red 2/1 line becomes proven as resistance - what to look for? A candle open and close below this red 2/1 - 4 hour would be the best confirmation.
If it crosses below the red 2/1 it will either 1. Dump or 2. Move up while still below the red 2/1 to hit stops and rekt high leverage + fomoers.
If a wick and bounce does not occur, both of these scenarios must be anticipated.
BEWARE: 7232 IS A SUPER HEAVY CHOP ZONE
IT IS NOT SAFE TO HOLD SHORT TRADES UNTIL / IF THE PRICE BREAKS BELOW 6900
As i said to my members - "If BTC is below 7685 on Monday (most likely will be) I will expect it to launch between December 5th-7th. ( I obtained these dates by using numerology).
----------------------------------
Lower T.F move (for 1 minute chart scalp trades):
This is for 1 minute chart scalps:
Daily range: 7432-7352: The price will chop within this range.
Support established above 7432 = long
Support of 7352 broken and turns resistance = short
Support established above 7432 = potential to climb up to 7900
---------------------------------
Super large Timeframe:
Please take a look at my previous published idea. It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom, but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish. Once it is below the red 2/1 of the Gann Fan, longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF."
---------------------------------------
Ace Pro Short Indicator
I have also launched my Ace Pro Short Indicator today. Please visit my Published Scripts page, press the like bottom, give me a follow, and send me a DM. I would greatly appreciate it if you did that. In return I will most definitely let you try it out for free!
Thank you
Ace
Send me a DM:
Discord: Aceaceace#3248
Twitter: Cryptoaman
Tradingview: CryptoAman
Disclaimer: TODAY = UTC TIME + THIS IS NOT FINANCIAL ADVICE AND I AM NOT A FINANCIAL ADVISOR. IF YOU NEED FINANCIAL ADVICE, PLEASE GO AND FIND YOURSELF A FINANCIAL ADVISOR. I AM NOT A FINANCIAL ADVISOR.
Comment:
THE PRICE HAS BROKEN BELOW THE RED 2/1. FOR AS LONG AS THE PRICE IS BELOW THIS RED 2/1 AND DOES NOT FALL OFF THE FAN'S 8/1 LINE (LAST LINE TO THE RIGHT) I WILL NOT TAKE ANY LONG POSITIONS - NOT EVEN A 1 MINUTE SCALP LONG. ALL SHORTS. UNTIL THE PRICE BREAKS BELOW 6900 ALL SHORT TRADES MUST BE TREATED AS IN AND OUT 1 MINUTE SCALP TRADES. 7232 IS AN EXTREMELY TURBULENT/CHOPPY AREA. STAY SAFE!
Comment:
The price WICKED and BOUNCED at the red 2/1 - as I said it might have.
7232 IS A HEAVY CHOP ZONE
Please remember:
Daily range: 7432-7352: The price will chop within this range.
Support established above 7432 = long
Support of 7352 broken and turns resistance = short
Support established above 7432 = potential to climb up to 7900
7232 IS A HEAVY CHOP ZONE
Please remember:
Daily range: 7432-7352: The price will chop within this range.
Support established above 7432 = long
Support of 7352 broken and turns resistance = short
Support established above 7432 = potential to climb up to 7900
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.