Probable area for next round between Bulls and Bears. For the next month(s).
For those who doubt the drop. Though harmonic patterns unconfirmed by my indicator have failed my impatient expectation, this one is after the fact. Apparently Bitcoin has just fulfilled 61.8% take profit. So, Bitcoin is fine to change direction and next pattern to occur over a 'claimed' fractal to occur at lower time frame.
Traders Dynamic Index serves for crossover signals and are essential for trade entries and most beneficial when identified on over 30-minute Time Frames as on hourly time frames. I have made the options available of the oversold (green) 32 level line overlay which is useful in identifying potential buy zones/price. In KK_Traders Dynamic Index_Bar Highlighting it...
Method focused on extension levels only, as future projected zone of resistance or support as it has proven in the past. Method used to place Fibonacci was by: point A 0% being at lowest of "Same Pattern" to the next nearest high Point B 100% of next candle, Likewise on our days from the lowest day low to the next day high. Assumption (Based on past): Once...
Fibonacci ABCD fullfilled, meaning there is no current reason to be up high anymore since mission was accomplished. Resistance on Full Traders Dynamic Index Complementary Overlay with representation of red overbought level 68 at $9,600 on daily chart. Heikin Ashi shows strong bull move within the day. Next bar could show an indecisive one for a sudden temporal...
The Traders Dynamic Index when used properly works like a Godsend. Basing myself uniquely on patterns found in it for different time frames on Bitcoin... I find myself in the obligation of saying what will surely happen, now that I have an in-depth look into the future, have to announce... Bitcoin will see resistance between $11,000 - $13,000, or basically...
I believe I am now back on track I had thought, something is odd. Well, now in my divided opinion about BTC, I feel it necessary to state of the higher the time frame: the stronger the signal the more likely. It may be a mistake in determining target to $7,300 Otherwise, I timed it too early, convinced of harmonic patterns rather than assuring myself 99%...
Lowest ideal price target according to set up patterns, Bearish Butterfly target: $7,300; H&S, and Broadening wedge pattern target $7,400 Fibonacci 161.8% $7,500
Apparently, according to all major time frames, Bitcoin desires to meet up with 70 HMA, on the 270 min, and 6H chart targeting ~$8,350. I expect for such zone to be used as a double top on Bitcoin. You can observe also that HMA is supporting BTC on 9H chart: HMA is steeply rising therefore it is of strong support, which is of great concern for bears.
Testing past wedge downtrend line for support is probable. Bearish Butterfly, target 1 hit before post, target 2 after price breaks out of ascending wedge to fall. TDI RSI bearish-type divergence. All lead to probable drop i price for Bitcoin. Theory: Bitcoin will gain 'power' from ranging within support zone to crossover overall downtrend line. Bitcoin could be...
As a few have suggested, (this is a bearish Butterfly on 4H, any chart above 1H, but under Daily time frame) Confirmed by my Traders Dynamic Index indicator. I suggest this development will occur for a couple days. Target $7,300
Traders Dynamic Index by KurbelKlaus (Better than other versions) I am proving divergences can be seen to analyze the same way stochastics, etc. also do.
Using Higher Time Frame charts 'reversal' indication, the whales could precisely sell at the ultimate assured high by means of reversal indication. Explained in chart with simple observations. The highest chart indication is always to be respected until it meets with challenge to then use slightly more current data until situation is best understood and can act...
I cannot assure Bitcoin will not have an uptrend pullback as I'm convinced it will rise from most recent solid support, because Verge and Bitcoin seem to have some correlation. I have 127% Fibonacci as probable resistance for XVG/USD. I ONLY theorize it will drop to ~5¢ at most; I am testing with this post. Otherwise ranging within 6-7 ¢ for a pattern yet unknown.
No need to get bull-hater with me, but the Bitcoin/USD market is a business, up or down. Answer a question: What is expected to happen with a wedge pattern? I tell you it's not a path with the destination to the abyss of "$2,000" "$5,000" (*¬*) What is expected is a breakout! No I am not necessarily assuring Bitcoin is now confirmed Bullish , but as this...
By means of CompassFX ADR short trade target is of ~6525.30 TP
Three Bullish Bats, unfulfilled targets. Imperfect bullish bats. Awaiting cross over trendline to pending targets.