INTRADAY 12/01/20 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 as 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 this 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.
I am continuing intraday forecasts.
Yesterday, Bitcoin was within the 8000 - 8300 corridor. Closing occurred below the opening with a significant reversal, bearish volume.
Trend by TF for today:
Week is Bearish
Day is bullish
4 hours - flat
BTCUSD today, from the very opening, began with a small pullback. Since the closures were on loud bearish volumes, it’s true; today we will see the volumes of sellers and dumps down. The breakdown by trends is still leaning towards the Melweels. Differential arrows also indicate more likely to fall, but without 100% certainty. The most likely scenario today is bearish (see red arrows)
The bullish scenario confirmation level is fixing above the green key level.
The confirmation level of the bearish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
top trading range for today - 8270USD
lower trading range for today –7830 USD
The weekly scenario remains unchanged
The current weekly scenario is bullish. Today is the last day of the week, and I expect, within the framework of the bullish scenario, consolidation to adjust growth to a minimum of 7900
The upper limit is 8452USD
Lower limit - 7830 USD
The global scenario for 2020 remains unchanged.
The closest target for bears 6300 - 6500.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Mkhail @Hypov
=================================================== ======
Subscribe to my channels in telegrams, Instagram and patreon! Always happy to hear your comments!
Thank you very much for your support.
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
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 as 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 this 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.
I am continuing intraday forecasts.
Yesterday, Bitcoin was within the 8000 - 8300 corridor. Closing occurred below the opening with a significant reversal, bearish volume.
Trend by TF for today:
Week is Bearish
Day is bullish
4 hours - flat
BTCUSD today, from the very opening, began with a small pullback. Since the closures were on loud bearish volumes, it’s true; today we will see the volumes of sellers and dumps down. The breakdown by trends is still leaning towards the Melweels. Differential arrows also indicate more likely to fall, but without 100% certainty. The most likely scenario today is bearish (see red arrows)
The bullish scenario confirmation level is fixing above the green key level.
The confirmation level of the bearish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
top trading range for today - 8270USD
lower trading range for today –7830 USD
The weekly scenario remains unchanged
The current weekly scenario is bullish. Today is the last day of the week, and I expect, within the framework of the bullish scenario, consolidation to adjust growth to a minimum of 7900
The upper limit is 8452USD
Lower limit - 7830 USD
The global scenario for 2020 remains unchanged.
The closest target for bears 6300 - 6500.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Mkhail @Hypov
=================================================== ======
Subscribe to my channels in telegrams, Instagram and patreon! Always happy to hear your comments!
Thank you very much for your support.
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
About Me and My life
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ovalapp.bio/michael
