BTC Breakout of ascending channel. Sideways or down to 8.5kUSD?
See text in chart.
Continued analysis from:
Daily chart analysis.
LIVIDITIUM (LVDT) Dynamic Fib Channels/Levels:
More zoomed-out view of the LVDT Channel for comparing with historical behavior.
Continued analysis from:
Daily chart analysis.
LIVIDITIUM (LVDT) Dynamic Fib Channels/Levels:
More zoomed-out view of the LVDT Channel for comparing with historical behavior.
Comment:
Note: PRISM is useful as a supporting indicator to provide hints of an emerging underlying divergent behavior, etc.
Hence when price is increasing or going relative sideways, but the Acceleration/Jerk Ribbon (AJ-Ribbon) is fast falling (steeply sloped descend, and especially if it is in its "red" state), this may indicate weakness in the market, and a potential dump incoming. And this can also conversely apply to when price is decreasing while the (AJ-Ribbon) is fast increasing as well.
Hence when price is increasing or going relative sideways, but the Acceleration/Jerk Ribbon (AJ-Ribbon) is fast falling (steeply sloped descend, and especially if it is in its "red" state), this may indicate weakness in the market, and a potential dump incoming. And this can also conversely apply to when price is decreasing while the (AJ-Ribbon) is fast increasing as well.
Comment:
Waiting for Cyber Ensemble and PRISM Signals to signal "buy" again.
Comment:
PRISM Signals
Cyber Ensemble {Premium}
PRISM Signals
Cyber Ensemble {Premium}
Comment:
CyberEnsemble buy signal triggered.
And price have pierced above the Ichicloud.
Bullish slant. But BTC needs to gain above about 10150 USD and find support to suggest a continuation upwards. Otherwise, it will likely continue the downward channel trend to completing the bull flag formation, until breakout confirmation.
And price have pierced above the Ichicloud.
Bullish slant. But BTC needs to gain above about 10150 USD and find support to suggest a continuation upwards. Otherwise, it will likely continue the downward channel trend to completing the bull flag formation, until breakout confirmation.
Comment:
PRISM Monemtum is now in the positive, and AJ-Ribbon is now slanted steeply upwards.
Comment:
BTC expected to come down a little to retest the bottom of the triangle.. waiting for a breakup to either side. Keeping a close watch.
Comment:
But healthy accumulation like behavior is present suggesting a bias towards the upside.
Comment:
Updated chart:
Comment:
Updated Chart: (Accidentally deleted a trendline above, just before posting)
Comment:
Comment:
Big move incoming?
Some minor bullish sign emerging..