XBT INTRA-DAY BREAKDOWN - WEEK COMMENCING 25/02/19
**THIS ANALYSIS HAS BEEN MASSIVELY REDACTED TO TAKE OUT MOST EDUCATIONAL CONTENT ON HOW WE HAVE COME TO THESE CONCLUSIONS AND IS ONLY AVAILABLE TO PRIORITY MEMBERS**
We will do the top down style analysis that you should have become accustomed to By now to look at possible price direction.
WHAT CAN BE SEEN ON THE DAILY CHARTS FOR XBT ?
- On the daily charts, looking at our price chart, we can see that EMA is currently at 4900$, and historically on the daily chart, EMA acts as resistance. We can see that MA’s have been used as support since the bullish cross over on the daily chart at the beginning of February. Moreover, looking strictly at the price chart alone, we can see that previously there have been two-three rejections from just below the 4200$ mark since December and price has been sustained below this level. However, it is positive to note that the lower high formation created and shown by the resistance trend line on price chart through all time frames has been demolished and instead we used the resistance trend line as support right before the breakout. In addition, the higher low formation since December has been sustained. The fact that the lower high formation has been discredited means that there is more chance now than ever to break above the 4200$ resistance level.
ALL IN ALL, THE DAILY CHART IS SHOWING THAT BULLISH PRESSURE IS STILL THERE AND A SHORT SQUEEZE TO THE UPSIDE COULD STILL BE IN PLAY. BUT, WE ARE ALSO NEAR MAJOR RESISTANCE ZONES ON MOMENTUM INDICATORS AND WE SHOULD TAKE THIS IN TO ACCOUNT. I KNOW I STATED A SHORT SQUEEZE TO 4380$ IS ACCEPTABLE BUT IN REALITY THIS MAY BE UNLIKELY BECAUSE OF THE FACT THAT WE WOULD BE DISCREDITING ANY LOWER HIGH FORMATIONS. INSTEAD WHAT IS MORE POSSIBLE IS A RETEST OF 4250-280$ BEFORE ANY BEARISH PRESSURE PICKS UP AGAIN TO 3870$ AND THEN THEREAFTER TO 3700$ FOR SUPPORT.
WHAT CAN BE SEEN ON THE 4 HOURLY CHARTS FOR XBT ?
- Looking at our price chart, we can see that we are currently using 4110$ level as support but I suspect that we will break through this zone in order to retest the 3870$ support level, which we previously used as a strong supporting range. Moreover, we can see that EMA 200 is currently hovering right below 3694$ and thus we can expect that if 3870$ is broken, then we are heading towards the 3700$ support zone to use EMA 200 as support. Furthermore, we can see that EMA 200 is below price on 4 hourly but on daily it is still above price at 4900$. With our trickle down theory, we can assume that EMA 200 from 4900$ will continue to decrease until it is at 4380$. Moreover, looking at our price chart, if 3700$ support produced on the 4 hourly is broken and a strong 4 hourly candle closes anywhere near this level, then it is safe to assume that 3550$ will be the next major support and this will lay hand in hand with a retest of previous resistance trend line.
WHAT CAN WE SEE ON THE HOURLY CHART FOR XBT ? (REAL TIME)
- Looking at our price chart through candlestick formations, we can see that price is currently at 3780$ and EMA 200 support at 3870$ was broken. I signalled on the priority discussions in real time that if you had not shorted from the top, then the bearish confirmation price for a short to 3700$ as indicated by EMA support on the 4 hourly would be shown by a break of 3870$ for confirmation >> again evidence of the trickle down effect of confirmations that I continually speak about to priority members. At the minute, looking at our price chart, the last hourly candle was a huge bearish candle and MA’s were used as resistance. Theoretically speaking 3610$ was previous resistance on the 1 hourly chart and even more so the wick to 3700$ indicates that this is the first strong support. Therefore, if 3700$ is broken, which I think is very likely, then we are heading towards 3610$ for support as this was a previous ceiling and previous ceilings once broken become price floors. None the less, even more so we can see that 3550$ would be an even better target simply because of the fact that we would easily be able to retest previous resistance trend line on price chart to use as support. THUS, A LAST FRONTIER OF SUPPORT FOR BULLS COMES AT 3550$!
TO SUM UP :
1. SHORT CALLS WERE GIVEN AT 4127$ IN REAL TIME ON OUR PRIORITY DISCUSSIONS.
2. THE TARGETS FOR THESE SHORTS WERE 3870$ AND 3700$ RESPECTIVELY.
3. NOW, I ASSUME FURTHER BEARISH ACTIVITY UP AND UNTIL 3550$ FOR SUPPORT TO BE FOUND.
4. THIS IS IN LINE WITH BEARISH PREDICTIONS FOR BTC/USD TO SEE SUPPORT AT 3650-3700$.
5. A CONTINUED CALL FOR THE NEXT MOVE WILL BE GIVEN ON OUR PRIORITY CHANNEL IN REAL TIME AS BEST AS I CAN.
6. DO NOT RULE OUT THE ABILITY FOR XBT TO FIND SUPPORT AT EITHER 3610$ AND 3550$ TO ASCEND TOWARDS 3900$ ONCE AGAIN THEREAFTER.
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
**THIS ANALYSIS HAS BEEN MASSIVELY REDACTED TO TAKE OUT MOST EDUCATIONAL CONTENT ON HOW WE HAVE COME TO THESE CONCLUSIONS AND IS ONLY AVAILABLE TO PRIORITY MEMBERS**
We will do the top down style analysis that you should have become accustomed to By now to look at possible price direction.
WHAT CAN BE SEEN ON THE DAILY CHARTS FOR XBT ?
- On the daily charts, looking at our price chart, we can see that EMA is currently at 4900$, and historically on the daily chart, EMA acts as resistance. We can see that MA’s have been used as support since the bullish cross over on the daily chart at the beginning of February. Moreover, looking strictly at the price chart alone, we can see that previously there have been two-three rejections from just below the 4200$ mark since December and price has been sustained below this level. However, it is positive to note that the lower high formation created and shown by the resistance trend line on price chart through all time frames has been demolished and instead we used the resistance trend line as support right before the breakout. In addition, the higher low formation since December has been sustained. The fact that the lower high formation has been discredited means that there is more chance now than ever to break above the 4200$ resistance level.
ALL IN ALL, THE DAILY CHART IS SHOWING THAT BULLISH PRESSURE IS STILL THERE AND A SHORT SQUEEZE TO THE UPSIDE COULD STILL BE IN PLAY. BUT, WE ARE ALSO NEAR MAJOR RESISTANCE ZONES ON MOMENTUM INDICATORS AND WE SHOULD TAKE THIS IN TO ACCOUNT. I KNOW I STATED A SHORT SQUEEZE TO 4380$ IS ACCEPTABLE BUT IN REALITY THIS MAY BE UNLIKELY BECAUSE OF THE FACT THAT WE WOULD BE DISCREDITING ANY LOWER HIGH FORMATIONS. INSTEAD WHAT IS MORE POSSIBLE IS A RETEST OF 4250-280$ BEFORE ANY BEARISH PRESSURE PICKS UP AGAIN TO 3870$ AND THEN THEREAFTER TO 3700$ FOR SUPPORT.
WHAT CAN BE SEEN ON THE 4 HOURLY CHARTS FOR XBT ?
- Looking at our price chart, we can see that we are currently using 4110$ level as support but I suspect that we will break through this zone in order to retest the 3870$ support level, which we previously used as a strong supporting range. Moreover, we can see that EMA 200 is currently hovering right below 3694$ and thus we can expect that if 3870$ is broken, then we are heading towards the 3700$ support zone to use EMA 200 as support. Furthermore, we can see that EMA 200 is below price on 4 hourly but on daily it is still above price at 4900$. With our trickle down theory, we can assume that EMA 200 from 4900$ will continue to decrease until it is at 4380$. Moreover, looking at our price chart, if 3700$ support produced on the 4 hourly is broken and a strong 4 hourly candle closes anywhere near this level, then it is safe to assume that 3550$ will be the next major support and this will lay hand in hand with a retest of previous resistance trend line.
WHAT CAN WE SEE ON THE HOURLY CHART FOR XBT ? (REAL TIME)
- Looking at our price chart through candlestick formations, we can see that price is currently at 3780$ and EMA 200 support at 3870$ was broken. I signalled on the priority discussions in real time that if you had not shorted from the top, then the bearish confirmation price for a short to 3700$ as indicated by EMA support on the 4 hourly would be shown by a break of 3870$ for confirmation >> again evidence of the trickle down effect of confirmations that I continually speak about to priority members. At the minute, looking at our price chart, the last hourly candle was a huge bearish candle and MA’s were used as resistance. Theoretically speaking 3610$ was previous resistance on the 1 hourly chart and even more so the wick to 3700$ indicates that this is the first strong support. Therefore, if 3700$ is broken, which I think is very likely, then we are heading towards 3610$ for support as this was a previous ceiling and previous ceilings once broken become price floors. None the less, even more so we can see that 3550$ would be an even better target simply because of the fact that we would easily be able to retest previous resistance trend line on price chart to use as support. THUS, A LAST FRONTIER OF SUPPORT FOR BULLS COMES AT 3550$!
TO SUM UP :
1. SHORT CALLS WERE GIVEN AT 4127$ IN REAL TIME ON OUR PRIORITY DISCUSSIONS.
2. THE TARGETS FOR THESE SHORTS WERE 3870$ AND 3700$ RESPECTIVELY.
3. NOW, I ASSUME FURTHER BEARISH ACTIVITY UP AND UNTIL 3550$ FOR SUPPORT TO BE FOUND.
4. THIS IS IN LINE WITH BEARISH PREDICTIONS FOR BTC/USD TO SEE SUPPORT AT 3650-3700$.
5. A CONTINUED CALL FOR THE NEXT MOVE WILL BE GIVEN ON OUR PRIORITY CHANNEL IN REAL TIME AS BEST AS I CAN.
6. DO NOT RULE OUT THE ABILITY FOR XBT TO FIND SUPPORT AT EITHER 3610$ AND 3550$ TO ASCEND TOWARDS 3900$ ONCE AGAIN THEREAFTER.
** PLEASE NOTE THAT THIS ANALYSIS IS IN A REDACTED FORM, AND FULL FORM FOR EDUCATIONAL PURPOSES CAN ONLY BE SEEN BY PAYING PRIORITY MEMBERS **
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
