INTRADAY 27/01/20 and global forecast BTCUSDt Binance
Dear friends,
If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis”
How to read my analysis.
My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection.
To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish.
The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range.
In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another.
If the priority is the side scenario (grey arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario.
Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it.
Continuing intraday forecasts.
Yesterday Bitcoin continued to move sideways in accordance with the weekly scenario. A stable corridor was formed within the framework of 8500 - 8800 USD.
Trend by TF for today:
Week Flat
Day Flat
4 hours - bull
Forecast for today:
A breakdown by trends indicates an acquiring bull potential and the possible emergence of a bull trend.
The differential arrows of Thomas DeMark today also speak of an upward movement. The most likely scenario today is bullish (see green arrows)
The confirmation level for the bullish scenario is fixing above the green key level.
The level of cancellation of the bullish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
top trading range for today - 8800 USD
lower trading range for today –8300 USD
The weekly scenario in the framework of the new week based on the projection of the candle and differential arrows is as follows:
Key level:
for bulls - 8800
for bears - 8230
The probability of an exit above 9200 within the current week is extremely small. The general mood of the market is consolidation within a sideways framework.
The global scenario for 2020 remains unchanged.
With a high probability, we will see a double top and a correction down, before we go higher.
This is evidenced by the proximity to the boundaries of the projection of the quarterly candle and the lateral nature of the differential arrows of Thomas DeMark.
The nearest bloom for bears 7800 - 7400.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Michael Hyipov
If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis”
How to read my analysis.
My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection.
To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish.
The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range.
In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another.
If the priority is the side scenario (grey arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario.
Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it.
Continuing intraday forecasts.
Yesterday Bitcoin continued to move sideways in accordance with the weekly scenario. A stable corridor was formed within the framework of 8500 - 8800 USD.
Trend by TF for today:
Week Flat
Day Flat
4 hours - bull
Forecast for today:
A breakdown by trends indicates an acquiring bull potential and the possible emergence of a bull trend.
The differential arrows of Thomas DeMark today also speak of an upward movement. The most likely scenario today is bullish (see green arrows)
The confirmation level for the bullish scenario is fixing above the green key level.
The level of cancellation of the bullish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
top trading range for today - 8800 USD
lower trading range for today –8300 USD
The weekly scenario in the framework of the new week based on the projection of the candle and differential arrows is as follows:
Key level:
for bulls - 8800
for bears - 8230
The probability of an exit above 9200 within the current week is extremely small. The general mood of the market is consolidation within a sideways framework.
The global scenario for 2020 remains unchanged.
With a high probability, we will see a double top and a correction down, before we go higher.
This is evidenced by the proximity to the boundaries of the projection of the quarterly candle and the lateral nature of the differential arrows of Thomas DeMark.
The nearest bloom for bears 7800 - 7400.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Michael Hyipov
About Me and My life
ovalapp.bio/michael
ovalapp.bio/michael
