MrXade

MrXade

It is apparent on the daily chart that the price tendency has become uptrend. A buy zone has formed at 19600 due to price testing of the Jump Over Creek (JOC) bar. I expect the price to get back to that buy zone and show a reaction by bouncing up. Make sure to implement a stop loss in case of entering any position. Good luck! Sam Veisi

MrXade

A good buy zone has been formed on the daily chart. The price has tried to test it and has reacted well to it, amplifying the chances of an upward movement to the 1/2 zone. On the other hand, on the 4-hour chart we have almost got a balance. However, it is likely for the price to form a Jump Over Creek (JOC). Shoot your ideas! Sam

MrXade Updated 

As mentioned in the last idea , a spring is formed on the 4-hour chart. The price can test the spring and then go up for the sell zone at 20155. It would be nice to see your comments on my ideas! Sam

MrXade

We have an upthrust and a test on the hourly chart's sell zone. The sell zone also concurs with the 1/2 of the hourly downtrend wave. Consequently, the price may drop back to the buy zone at 19500. However, the only hindrance is the spring on the 4-hour chart (check out the next idea). Therefore, the price may either drop to 1/2 of the long wave or not drop at all. Sam

MrXade

As I mentioned in my previous idea (see link below), the tendency in the daily time frame is short. idea However, It can't be unimaginable to expect a pullback up to the 1/2 zone (demonstrated on the chart) at 20750. But as I had said, we need a reliable signal worth risking to open a long position. Currently, you can look for short positions in the hourly and,...

MrXade

The monthly chart shows the likeliness of another manipulation at 17600. It is worth mentioning that the price tendency on each of the monthly, daily, and hourly charts is short. It could be dangerous to open a long position without a good signal. Especially if you do not implement a stop loss, you are asking for trouble. It might be safer to seek short positions...

MrXade

The tendency is still short on hourly and daily charts, but a good spring plus a test have formed on the one-hour chart. After all the downtrend movement, We may see a pullback up to the sell zone on the one-hour chart at 20263. It is best to seek a long-position signal on lower time frames and use a stop-loss. Shoot your ideas! Sam

MrXade

The market has been very manipulative. Yesterdays's huge spring on 1h followed by two enormous sell-bars clear it up. For now, the tendency is pretty much short on both 1h and 1D charts. But there can be a pull-back up to the 1/2 zone at 21000! However, it is still dangerous to open a long position just as it is. Better to wait for some reliable signals.

MrXade

The price is being consolidated in the 1D buy-zone. We've got a spring and a test in the 1h buy-zone. It is possible to get back to 24000 today and get a 2-bar spring on 1D chart.

04:28

MrXade

Hello, everyone! Join me today as I give a daily analysis of BTC. Hope you find it useful! Will be looking forward to seeing your comments.

MrXade

Nicely managed to find an upthrust on the 1h CREEK sell-zone. The entry was formed on 5m after a reliable test. Still waiting for the 1D buy-zone at 23550.

MrXade

Seems that we are heading to 23500, which is the buy-zone on the 1D time frame. Any thoughts?

MrXade

A balance has almost formed on the 1h chart. I am personally waiting for the sell zone to find a short position entry. What are your thoughts?

MrXade

BTC is pretty much short on 1h. The sell-zone at 24300 is a good place to look for an upthrust on 5m chart.

MrXade Updated 

How do you like the balance on 1h? We may see the price once more at 24500 - 24600, but it's eventually likely to break out since it's been so persistent testing the 1D sell-zone. Although it might want to test 1D buy-zone before breaking out.

MrXade Updated 

It seems that the price trend on the 1h has got short by reacting to the 1D sell-zone. It might continue its movement down to the 1/2 zone of the 1D chart at 24300. Or even all the way down to the 1D buy-zone at 23600. Let's wait and see how things will go! Shoot your thoughts too.

MrXade

What's your opinion on the huge manipulation on 1h? = D

MrXade

As it can be seen on the 1D time frame, the price has been experiencing difficulty to break the sell-zone. The upthrust and the almost SOT bar (check the chart image) might indicate a downward movement on the 1D time frame, which can cause the price to get back to 22300 - 23500.