The state of BTCUSDT right now is range bound between Bullish Engulfing Pattern (Jan 14) support and Bearish Engulfing Pattern (Jan 19) resistance. Below I show the following potential, most likely movements for BTCUSDT within the next 13 days & 12 hours.
Comment:
cdn.discordapp.com/a...5144916647937/02.png
^ 02
^ Today the market forms a Doji as resistance, creating a range bound market between 3555 and Bullish Engulfing Pattern support.
^ 02
^ Today the market forms a Doji as resistance, creating a range bound market between 3555 and Bullish Engulfing Pattern support.
Comment:
cdn.discordapp.com/a...5179775508508/03.png
^ 03
^ A breakout occurs to the upside and we are in a range bound between 3715 and 3666.
^ 03
^ A breakout occurs to the upside and we are in a range bound between 3715 and 3666.
Comment:
cdn.discordapp.com/a...5207537606676/04.png
^ 04
^ The breakout is strong and we test 3900 Dark Cloud Cover (Dec 29) resistance. We are now range bound 3900-3700.
^ 04
^ The breakout is strong and we test 3900 Dark Cloud Cover (Dec 29) resistance. We are now range bound 3900-3700.
Comment:
cdn.discordapp.com/a...5236646207519/05.png
^ 05
^ Breaking 3800 resistance should be very difficult as there is a great amount of supply at this level.
^ 05
^ Breaking 3800 resistance should be very difficult as there is a great amount of supply at this level.
Comment:
cdn.discordapp.com/a...5269827215370/06.png
^ 06
^ The -3% panic selling (12:00 UTC+1) was absorbed by demand at 3438 Bullish Engulfing Pattern support, creating the possibility for the bullish attempt of this period. We have now approximately 13 days & 12 hours for demand to overcome supply if there is to be a chance of breaking 3900 resistance in an attempt to overtake the significant $4,000 level. In this time period, a loss of 3450 is highly unlikely.
^ 06
^ The -3% panic selling (12:00 UTC+1) was absorbed by demand at 3438 Bullish Engulfing Pattern support, creating the possibility for the bullish attempt of this period. We have now approximately 13 days & 12 hours for demand to overcome supply if there is to be a chance of breaking 3900 resistance in an attempt to overtake the significant $4,000 level. In this time period, a loss of 3450 is highly unlikely.
Comment:
cdn.discordapp.com/a...5298725969943/07.png
^ 07
^ **SCUSDT (BITTREX)** I find interesting to trade because of its close price/indicator parity to BTCUSDT. There exist two likely scenarios: 1) There is a retrace here to the Piercing Pattern demand area around $0.00226399 area after which the potential of a breakout of the Sine Line enables an attempt at Fibonacci levels, with a most likely price target in the $0.00285 - $0.003 zone.
^ 07
^ **SCUSDT (BITTREX)** I find interesting to trade because of its close price/indicator parity to BTCUSDT. There exist two likely scenarios: 1) There is a retrace here to the Piercing Pattern demand area around $0.00226399 area after which the potential of a breakout of the Sine Line enables an attempt at Fibonacci levels, with a most likely price target in the $0.00285 - $0.003 zone.
Comment:
Comment:
Sorry about the Discord images. I'm really new at publishing Ideas. :)
cdn.discordapp.com/a...5106836692992/01.png
^ 01
^ The state of BTCUSDT right now is range bound between Bullish Engulfing Pattern (Jan 14) support and Bearish Engulfing Pattern (Jan 19) resistance.
Below I show the following potential, most likely movements for BTCUSDT within the next 13 days & 12 hours.