Continued analysis from: Bearish ichicloud that had been acting as resistance have now turned bullish.
BTC looks like it is ready to rebound on the hourly. Confirmed if price breaks out above yellow dotted line. Bullish PRISM Oscillators signals (Daily Chart): Stochs Oversold State S-Osc in the positive. Acceleration heading into positive, expecting to pull momentum up towards the positive. Cyber Ensemble Signals (Daily Chart): Long-term trend...
Bullish w-pattern.. Accumulation phase.. Still support above red 21 EMA. Thick daily green ichicloud. Golden-cross with positive momentum of the 200 SMA confirmation. Will sell if gets rejected by the daily 21 EMA + with the pRSI/Stochs/Momentum/Acceleration/.. states of PRISM Oscillators considered.
Break out above significant long term resistance level. CYBER ENSEMBLE signaled a buy. 50/200 SMA Golden Cross! PRISM Oscillators Set analysis: pRIS bullish cross above its 30 VWMA! Hidden Bullish Divergence Momentum/Acceleration/Jerk/Snap all positive!
Bullish W-pattern forming. Buy signal triggered from CYBER ENSEMBLE. PRISM pRSI-STOCHs looking bullish. Acceleration/Jerk-Ribbon (AJ-Ribbon) of pRSI rapidly increasing into the positive zone, pulling momentum into the positive atm. Snap-Oscillator (the yellow-pink line) also in the positive suggesting that the AJ-Ribbon will continue to rise.
Bull Flag setup Trade. Hidden bullish divergence of the pRSI (main oscillator) of my PRISM Oscillators Set have emerged; with momentum entering the positive -- pulled up by the positive and increasing AJ-Ribbon with Snap lingering in the positive. AB=CD confluent with 161.8% Fib extension level. Also, BUY signal triggered on CYBER ENSEMBLE on the 1hrly...
Been too busy to publish by trade setups lately. Here's one of several trades I'm in right now. Cyber Ensemble BUY signal triggered on the hourly chart. PRISM Oscillators Set Bearish Divergence realised. Hidden Bullish Divergence emerging. pRSI-Stochs oversold state AJ-Ribbon as well as the S-Osc on a sharp upward swing.
Sell signal on CYBER ENSEMBLE {Premium} triggered. PRISM Oscillator's pRSI (main oscillator) entered bearish phase by crossing below its 30 VWMA. Ichicloud reverted back into bearish state. Economy significant impacted by the COVID-19 pandemic lockdown: jobless rates high, businesses going bankrupt, etc. no real sign of recovery yet. Market artificially propped...
BTC pierced above the 8017 USD VPVR resistance with strength and is now supported above the purple 8743 USD VPVR level. Current daily candle need to successfully close above for confirmation. Price is now well above the 200 SMA which will continue to pull the 50 SMA towards a golden cross. Bearish if the price drops back down below 8k USD. PRISM Oscillators Set...
A couple of days up to 2 weeks max of downtrend expected to have commenced. Probable target is perhaps at the thick orange 200 SMA around 78.6% Fib. However if XTZ drops below the 200 SMA and gets rejected, then it suggests a more drawn out bearish phase.
When the red 21 EMA crosses below the green 50 SMA. Will also monitor the PRISM Oscillators Sets at the higher timeframe (i.e. 1D)
Now, waiting for CYBER ENSEMBLE {PREMIUM} to register a Buy signal, and PRISM Oscillators Set to revert back into a bullish phase again. Expecting retrace back down to 61.8 % Fib level (i.e. 0.00000561 BTC) first. Then bull flag target @ 1.618 % Fib level (i.e. 0.00000625 BTC); which is also precisely the measured move of the bull flag as drawn.
In line with my bearish bias, looking to see the price break down through the blue downward channel and accelerate by taking on a steeper downward channel. Wait and see...
Previous analysis before the traditional market crash:
Bullish Scenario playing out in my Apr 06 post in my previous on-going analysis updates . Note: as explained in a prior published idea, the current ascending channel is drawn as such base on my personal trading preference to ignore the initial equilibration “ringing” after a massive sudden move. I believe it tends to be wise to wait awhile before a clear...
If BTC can pierce above the orange 200 SMA on the 3 hrly @ 6580 USD, then I am all in with the rest of the USDT from BTC that I had previously cost-average sold off at ca. 9636 USD when the price dipped below the orange 200 SMA. Stop loss earlier triggered and sold off almost 30% of my small BTC trading account holdings. :( Bought back in immediately when BTC...
Also pierced below the ascending channel while going sideways since 24th Mar '20. If the bearish scenario doesn't play through more strongly and violently soon, that's a window for the bulls to take over after the Sunday candle closes. (a) If that holds, establishing the next high low, expects a bounce to set a new higher high. (b) If that fails, expect it to...