TradingView
Acel
Jun 7, 2018 10:13 PM

Crypto Index at resistance Short

2.10172341319882*BITFINEX:BTCUSD^0.3*BITFINEX:ETHUSD^0.3*BITFINEX:XRPUSD^0.1413*BITFINEX:BCHUSD^0.1063*BITFINEX:EOSUSD^0.0611*BITFINEX:LTCUSD^0.0377*POLONIEX:DASHUSD^0.0167*BITFINEX:XMRUSD^0.0166*BITFINEX:ETCUSD^0.01*BITFINEX:ZECUSD^0.011D

Description

⋅

Comment

⋅
One more wave down?

Comment

⋅
Formula taken from twitter.com/cryptorae/status/984226398154797057
Support and ResistanceFibonacciOscillators
Comments
cycler
⋅
thanks, I wanted that formula!!!! hey looks like we should get a scalp trade off of the 0.618.
Acel
⋅
@cycler, seems like that played out nicely. I cant check below the Daily tf but it looks like a 3s structure so far.
cycler
⋅
@Acel,
cycler
⋅
@Acel, I can't believe what I am seeing.
Acel
⋅
@cycler, idk about that, someone could argue that its forming and inverse h&s.
cycler
⋅
@Acel, its hard with just daily timeframe.
Acel
⋅
@cycler, my indicators show that its gonna make a move soon. Probably to the downside (?) with a potential bounce near 30 RSI.

This is just the RSI.
cycler
⋅
@Acel, ok I'll wait for volume and h4 rsi confirmation for longs, maybe at the bottom it is an h4 div, or a strong panic sell followed by a fast recovery with no h4 div, thats what I am looking for. if the stop loss range 5850-6158 is activate it will send bitcoins price straight to $5500
cycler
⋅
@Acel, so this happened
cycler
⋅
@Acel, the selling is strong but the buying is weak. its not a good ishs. you want weak selling on the right shoulder especially.
More