BTCUSD H1 chart (8/23/2019)

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Good morning, traders. Price hit our target from yesterday. The H1 chart is what I posted to our premium Discord community prior to price popping up this morning. At this time, the H1 RSI and Stoch RSI still have room to continue higher. If price closes above the ascending channel resistance in the next two hours, then we should be looking for it to target the ~$10800 level which is at the EQ of the H4 supply. That will then take price above the descending channel/broadening wedge resistance which should indicate a target of the R2 pivot at $12500. Obviously price won't spike up to that point, so traders should expect pullbacks along the way.

Zooming out to the D1 chart, traders will notice the large ascending channel whose EQ price just popped through. Price is now on the topside of that channel once again, which is bullish . Today's large green candle, if it closes as such, should confirm yesterday's possible reversal doji . The H4 is starting to look more bullish with this recent move up. We can see expanding volume and candle spread from the August 21st swing low. A close above the pivot would be considered bullish . H4 RSI is nearing its descending resistance with a close above it likely signalling the larger move up. Stoch RSI is overbought but has room to continue moving up for now.

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Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life.

You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
interesting view
this is my idea
Lmao you suck
@e12icy0o, It's a lot easier to be kind in the world than to be a tool. That being said, exactly how do I suck? Critical reading and thinking skills are quite glaringly becoming much less common in the world, as you are showing. So, let me help you out:

Reading the analysis above, I said if certain things happen (which I named, and the three most important being: 1) a close above channel resistance, 2) a close above the pivot, and 3) H4 RSI closing above its resistance) then price would likely head higher in the fashion I outlined. What that means is that if it doesn't happen, then we should be looking for price to move lower, at least temporarily. You had all the information you needed to long or short STARING AT YOU in the chart. lol H1 RSI support broke down -- that should've been telling you to short. Channel support broke down -- that should've been telling you to short. I imagine this must be quite embarrassing for you at this point as everyone now sees you in the light you presented yourself. Ouch. See, most of the people who view my charts and read my analysis don't need to be told these things I just took the time to explain to you. They think before they speak. They attempt to understand and intellectually engage that which they read, and may even not agree with.

Your inability to comprehend the simplest of critical thinking exercises like this one should have you concerned about your future. To make things worse for yourself, the comment you left really shows your character, of which you apparently have little-to-none. At this point, this has become one of those key moments in your life where you can make a choice to re-evaluate your life choices and the way you choose to project yourself to the world. Whether you do or not, tells the world everything it needs to know about you. I don't hold any animosity towards you. You are going to do whatever you are going to do and it has no impact on me, so I'm not going to lose any sleep over it. But I do hope you spend the time to take inventory of who you are, the choices you are making in life, and the way you present yourself so that you can make a positive impact to the world around you. There's enough hate in the world. Being part of the solution is much more impactful.
+1 Reply
e12icy0o TexasWestCapital
@TexasWestCapital, You done? LOL
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