4xForecaster

BTCUSD - Chart Updates; Significant Overhead Resistance

BITSTAMP:BTCUSD   Bitcoin / Dollar
448 0 6
BTCUSD             - Chart Updates; Significant Overhead Resistance


Yesterday, I explained a TradingView.com trader that 4xQuad defines "Dead-On Hit" as either the candle hitting its target at the tip-end of its wick, or closing the candle and opening a new one right at the target level. In fact, this explanation was provided with a live example - Here is the link to the chart and its discussion content:
$BTCUSD - Next significant resistance = 929.50 | #bitcoin #USD
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As of this hour, several of such targets have been hit. The reason for sequencing targets is that day trader and swing traders have different timeframe interests, but those who have followed some of our shared signals have been able to use it for their trading style. We won't get in too much detail as to how we define our targets (it's a proprietary concept we'd like to keep, well ... proprietary, but we love teaching, we don't perceive any harm in releasing a few targets here and there, as long as you agree to "do the due" diligence on your own trades).

Now, back to this particular chart - Here, we are receiving the signal of a high-probability resistance level at $1,020.00 - Whether it will occur or not is NOT the matter to us. The methodology has been refined to the point where we have learned to lay our trust over it. So, the matter is to plan the trade, then trade the plan.

I hope this answers or preempts some of the questions you might have about our target definition. In the mean time, feel free to check us on our Facebook             page, where most of the signals are released for record purposes (i.e.: only those we share with the public, although we do not ignore chart and directional requests, we simply filter through them as the come to us) Here is the URL: http://www.4xQuad.com

also, feel free to stay in touch with our sync'ed Twitter account for immediate and sometimes actionable information. We can be found at @4xForecaster, or simply click here: https://twitter.com/4xForecaster/.

All of our forecasts and predictive analyses are for educational purposes only. Again, do your own due diligence and trade based on what you can afford to lose, not what you wish to earn.

Cheers,


David Alcindor | 4xQuad.com
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