The 1 means BTC has 50 minutes to get out of this spot

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
896 17
The 1 means BTC has 50 minutes to get out of this spot
Comment: or the 4 hour candle can start dropping reversal candles . The candles look green which is a good sign but the "1" is marked in red indicating a potential fall .
Comment: Climb up man !
Comment: BTC has made a make-shift double bottom at 8963 , its offers a temporary solution if BTC can move to 9186 . Move up man .

Comment: 30 mins till the next 4 hour candle . This will let u s know the direction . if its a lower candle then 8963 will be retested ...mmmh. If its a higher place candle then yippie-yi-yay BTC moves higher .
Comment: The ideal situation will be for the candle coming in 24 minutes to move BTC to 9100. this will put BTC back inside the bear flag
Comment: here comes the next 4 hour candle
Comment: Tis latest 4 hour candle is outside the bear flag - which is not a good sign ,
It has to get above 9125
Comment: Trend change incoming
Comment: 8963 being retested
Comment: falling from 8963 drops to 8400
Comment: id be careful here are there a stacked dojis in the area . This usually amplifies the movement .
Comment: A triple doji spinning top showdown coming up
Comment: A triple doji spinning top showdown is usually a set of big candles which move down suddenly very fast or of big candles up which move unexpectedly upwards very fast . This has been my observation .
Comment: What confusing is this is Bullish divergence which says the bull is going up .
I need to double check this statement as its challenging to accept in the current market situation

Comment: But this graph ...Keeps popping up

Comment: I don't believe we have seen the full doji effect yet and I don't think BTC is done dropping yet and may drop more.
Comment: But BTC is very clever and we have to be on the lookout for bear traps ( where the price appears to be falling and suddenly reverses up very quickly )
Comment: Or bull traps where the price appear to be going back up and suddenly turns downwards
Comment: in 35 minutes the 4 hour candle will drop another candle .These 4 hour candles usually bring about changes are they will either move BTC up or down significantly .
Comment: incoming trend change
Comment: this trend change could be related to the 4 candle showing up in 8 minutes
Comment: times up , where are we going ?
Comment: This candle appears to have a possible drop to 8400
Comment: if this touches 8400 the next candle om 3 hours time has a possible drop to 8000
Comment: use a stop loss for the next to weeks of at least $500
Comment: : use a stop loss for the next two weeks of at least $500
Comment: yay! now this mystery is resolved . BTC intentionally left out the 89xx and 87xx drops on Feb 14 but as we can see its come back and completed them .

Comment: that one bugged me for a while i can get a good night's sleep
Comment: Theres also these two drops were also skipped on Feb 6th 6179 and 4179.
BTC did something strange and ignored them which was very off. But Im very very sure BTC took note of them and will cover them later , because BTC does not forget.

Comment: The current upward move may be a bull trap - To be legit BTC would have to cross 8800
Comment: based on the current BTC trend line - looks like 7800 is the touchdown point.
But this may be in a few days time .

Comment: I may be wrong here but this current climb move is interesting . The 6 on the means there's still possibly 2 more days of correction.

Comment: The bear flag has a drop to 7800 not 8400. So this move is not completed yet .
will it complete later today or tomorrow or next week is the question ? Im not sure but im sure this movement is not completed as yet as it stops at 7800.

Comment: >>>>Question by user Wuntang Elton Swift answered further below.

"Mycotoxin you lie me ... if this is move is not completed to 7800 then why is BTC going up mycotoxin , why you tell me 7800 blah blah blah ... you lie me longtime."

Great question Wuntang Elton Swift : with two possibilities

a) if you look at the graph below and see the current location of BTC it can move to the right and touch the wall at around 10k and bounce back down to 7800.
b) BTC can switch course later today or tomorrow and come back down tp 7800

to be legit passing 8800 will be a plus.
Comment: The 4 hour candle will be back in town in 8 minutes to drop another cande , we will get his feedback at this time on whether BTC is going down or up today.
Comment: Th 4 hour says up ...I ll go in soon after I watch it while longer ...i know there's a 7800 drop to come but ill just aim to exit on time
Comment: 8870 will be my entry if this keeps up
Comment: If BTC is not going up , we can drop to 7800
some more downside potentially before it starts the up move imo
thanks for all the updates
mycotoxin SN_Doumet
@SN_Doumet, yes i do agree with you - where has 78- gone - Is he on vacation , left town ?
mycotoxin mycotoxin
@mycotoxin, kidnapped being held ransom for ETH ?
SN_Doumet mycotoxin
@mycotoxin, lol maybe if you try even harder next i might laugh with your impeccable sarcasm... yes the level is there but according to my view i dont expect the price to begin the upside from that level - purely on a speculative level and also by the measurement of wave i which i expect to be close to equal to wave v
mycotoxin SN_Doumet
@SN_Doumet, Yes it could go lower but what has triggered a red flag for me is the missing drop to 7800. - im very sure thats an uncompleted move to 7800 . Its disappeared into thin air .
SN_Doumet mycotoxin
@mycotoxin, fair enough, i will agree with you on that one
When playing in lower time frames it is good to follow ideas from the big one. I was mention that daily M pattern is formed and should complete its target at 7150 which is fibo 0.786. This will be a key point to reversal.
@nixel, Cheers i think if it stops bounces there its a temp bounce and , its still going to go lower later
My friend it was not a bullish divergence. It was a hidden bearish divergence.

Price lower high + Stochastic higher = hidden bearish divergence
mycotoxin asdfghghj
@asdfghghj, Cheers ,yes the trend shows its going down but coming back up , so im wondering is it bouncing at 7800 ?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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