Different way of charting levels - Price may come back down to test level it broke, but so far it looks like it's on its way to the higher target(s)
This can be used in smaller time frames as well -
Detailed out the underlying thought process because it always helped me when others did that. As always, any errors you can point out in the application of this process are appreciated. Please do not take this as a short term trade recommendation!
It seems like a regular flat is taking place and currently on wave C. fib retracements 0.5 and 0.618 are shown.
lets see how good this demark trading strategy is. massive rally ins ilver should begin and continue this month due to perfected TD sell setup
$BTC $USD Demark Indicator, 8 candles, consolidation, fibs Ok, the channel in my last BTC chart did not do very well. The floor was too weak. So I have removed the floor. Let us look at things with the Demark indicator and fib levels. As you can see, the candles are bounce between 61.8% level and 38.2% level. This looks very much like consolidation. So a bit of...
According to DEMARK trend line btcusd 4h there is a long trade opportunitiy.
BTC USD Demark indicator 4 hour chart 9 candle. If you saw my previous chart on the Demark indicator, we had a trend reversal on the 8-9 candle. This was an hourly chart. Moving to the 4 hour chart today, we have achieved a 9 candle on the 4 hour chart. We have 1 hour left on this candle, but as you can see, it is currently a reversal candle.
BTC USD Demark 1 hour chart bitfinex No comment. Just a few lines drawn. Enjoy.
BTC USD Demark indicator Bitfinex 1 hour chart. Now that was quite a down trend we just saw the last few hours. Demark indicator suggests an up trend now this hour. The purpose of the Demark indicator is to achieve a 9 candle on an up trend or down trend. I will not go into the details as to how this occurs, but this is the aim. Currently we quite clearly see that...
The NEOUSD 4h chart shows a Divergence of Price vs the MACD histogram. The divergence appeared below a TD Supply Line and could indicate a trend-reversal. When price breaks the TD Supply Line it could go up to the weekly pivot.
The Demark indicator is telling us that $MTL is shaping up for a huge move upwards. I will not go into details explaining the indicator (Google it), but on october 7th, Metal reached a perfect TD Buy Setup. That triggered the TD Buy Countdown timer. If a candle is red and closes lower than 4 candles ago, the countdown increases. The countdown does not stop even...
Ubiq has retraced almost completely after reaching an impressive 97K satoshis in June. That's 6 times the current BTC value. The RSI has a nice bullish divergence, the MACD is looking juicy, the Demark indicator gives 2 TD Buy setups and an almost completed Buy CountDown timer. Volume has been slowly increasing since oct 18, and there's a tweezer bottom at nov 2...
In about 8 hours I will try to open a Shortpostion, the TD indicator will bring a Daily 9 which Potentially should lead to a 1-4 day correction (source Tone Vays). In the 4 hour timeframe it should hit the 9 in about 8 hours. Plan is to Open the Position at 7700 with a StopLoss of 8000, Target about 6800 maybe having a close trailing if it comes to that region....
I noticed this fractal pattern beginning to occur shortly after the current all-time high around $5,000. Based on the previous top and pullback of ~21% and, roughly, a month period we should be expecting a large pop in the coming week or two with a run-up through October. The price should peak in late November. The chart shows around $8600 for a top but, it's...
hit 9th green candle in the hourly. it's down for about 4 hours and then back up.
I'm very new at this, so any experienced traders, feel free to chime in! 3243 is the end goal here, from what my math tells me.
Comment: Worked out well! New green daily 1 to x(?) count points to further days with bullish price action - if the bears take over today we will get a red 5 count with possible further downside days ahead of 1. Aug. key date. (non-event?) - Price might squeeze up due to reduced liquidity on exchanges as traders pull their Bitcoins of to secure them in cold...