for Bitcoin Price Range From $ 59,000 to $ 60,000,is very strong resistance range.
According to SHIBO analysis, based on the latest impulse, the price can go up to the green point.59466$
And then return to the previous strong impulse stop range(Next Comment).
What is SHIBO?
I'm researching a method I have named SHIBO.
SHIBO sets the price of the next Target(Take Profit ,TP) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
After I was able to register this method and style in my own name i will reveal Details.
I must first prove that this method is very accurate.
So I put my ideas together so that more people can get acquainted with it
THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Warning, SL) and Take Profit(TP1,TP2,TP3,CTP) points based on :
2-price start, high and retracement
3-i don't look for S & R lines(but if you found border line and price are according to them it is a very good Sign)
how to use prediction:
SHIBO show you max of 4 Take Profit line and Warning Level and Stop loss
the best one is TP1 that has higher win rate
but if CTP is lower than TP1 I prefer selecting CTP
using Warning,SL1,SL2,SL3: if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
if price break 4HD1SL1 so price can go up again
but if bounced from 4HD1SL1 so price can reach 55250(4HD1TP1)