Bitcoin: Analysis

31D: Candlestick analysis suggests that the bull market is over if this candle closes <= 1/2 way into the previous large white real body. There is significant demand between 8450-7450. Panic selling will likely drag price into this range, providing the ideal buying opportunity. Assuming a bullish candlestick reversal pattern in this range seems warranted. If this plays out we would find ourselves in a box range between 14K & ~8450. Swing Trading paradise would start there. Assuming anything less than 7450 appears unwarranted at this point.

1W: EMA 17/34 have been significant Phi support and it appears that the former is failing. This suggests EMA 34, 8125 as the next buy target. The previous bullish attempt was extremely weak. MACD's stairway-down descend suggests to me that bear supply has not yet entered the market. I expect a high-volume panic as we lose EMA 17. We are likely witnessing the loss of the Fisher Transform 0.0 line with an expanding Bollinger Band. Expecting a -3 deviation seems reasonable, also seeing as iFish has not yet reached the OS region.

1D: The nearest (knife-catching) area based on strong Phi support is likely at 9050. I would suggest that this would be a bounce to test TDST 9555 (broken) support / Change of Polarity. This knife-catching level is supported by a previous Morning Star ~45 days ago, at 9050. We have broken below the significant Phi EMA 72. Assuming range/swing conditions between Phi 72 and (higher significance) 144 seems warranted. Descending Phi 17 EMA suggest a pass-or-fail breakout test within the next week.

m15: The continuous anemic bullish attempts have clearly failed. The only reasonable outcome here appears to be panic selling into the 9K psychological area.

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s% we broke down Daily Parabolic SAR yesterday.

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2 Shooting Stars @ Phi 72 resistance.

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There are at least 9 prior examples dating back as far as 2013 where the following conditions have led to a follow-up bullish attempt to continue bullish momentum. Under these conditions the attempts appear to always occur.

1W
WHERE PRICE > EMA17 AND WHERE PRICE HAS NOT TOUCHED EMA17
IF EMA8 > EMA17 AND PRICE < EMA8
TEST EMA17 AND ATTEMPT A BULLISH REVERSAL.

These exact conditions apply right now.

This does not stipulate that price will not fall below EMA17 on the tested candle nor does it suggest any limit to the % fall. What is apparent is that price attempts to create a bullish candlestick reversal pattern.

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Thus, buying on the formation of a bullish candlestick signal on 02 September (new Weekly candle) is a reasonable high-probability trade.

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Any experts in Wilders Parabolic SAR here? Comments?

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$10,949.96 Nison COP (Change of Polarity) Target

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1D Analysis (focus on the green lines):

- Blended candlesticks (3D) are currently drawing a Morning Star bullish reversal signal, off of TDST support.

- Higher lows.
- Heikin Ashi green
- TD Sequential price flip (green), 2>1.
- Breakout: 1W Evening Star, Phi EMA 8/17 (purple), 72 (white).
- Demand prevented price getting down to Phi EMA 144 (yellow) (strong support).

- Modified Phi 8 MACD illustrates the natural transition from bearish to bullish momentum.

- DMI: +DI looks poised to overcome ADX at candle close.

-DI bearish angle of decline is increasing, ADX trend direction turning, +DI angle of ascent increasing.

- Volume profile downtrend breakout after (L) Low volume (no supply). Buy signal (green dot) on breakout.

- Fisher (all variants) clearly bullish.

TL;dr: I expect a complete TD Sequential 1-9 bullish momentum setup.

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+DI > ADX; almost > -DI