BTCUSD sits on 50sma. 13 CCI broke down thru an up trendline for short signal. I ignored a previous one because 100CCI was still above +100, but now 100CCI is inside +100, so signai is short from $47000. Because we do NOT have a 13 CCI divergence on adjacent price cycles, th\ere is expectation for price to bounce higher until we see a diver Watch actively for a Long signal when 13CCI crosses up thru a downtrendline, looking for 100 CCI again aabove +100, 13CCI triangle apex >zeroline
@ATH_Buyer, Hi ATH_Buyer Tx for looking in detail. The 13CCI signaI on H4 occurred at 0:00. As best I can tell, that was $47,398. I tthink you are looking not at signal price,but at price after posting, which was late due to illness. Please see more in second paragraph. I should probably post bid/ask, as the difference is often way over $1000. This is especially important for those whose broker offers only market orders, with no stop or limit orders, or whose fees are, say, 2%, rather then 0.5%. That spread cost me the equivalent of $2000/1 BTCUSD on Thur., so I try not to trade unless necessary.
My objective here is to explain 13CCI signals on the H4 chart so that folks will learn to see them. I always give not only the signal,but what to lookfor for the SAR signal upcoming, and hope this will be adequate guidance to keep them from having big losses. There are MANY other nuances that experienced traders use to refine entries/exits, or multiple levels of trades, in which an exact entry/exit price is not necessary, as you see from most commercial traders.
Still, I do try to show you the correct signal and price at that time. I almost always post slightly before a signal. But if I am asleep, ill, or don't see it, then I try to choose the least worst choice----either skipthe post, possiibly putting followers at risk, or post the signal as soon as I see it with the signal price. This Short signal comes approx $10,000 higher from the last signal Long, so everyone should be fine with 10k gain on $37-39k. Please do be watchful tho, because a price bounce up off this 50sma could give a 13 CCI tlb signal Long very soon