## Bottom Line
- Weekly closed with a massive bear bar on its low.
- That low is going to break.
- Likely outcome of this week will be a Doji Candle
- ...meaning there will be a strong rally after the low is broken
- A rally should top out between 4,457.25 and **4,492** (Thursday Settlement is in the middle at 4,475)
- My expectation this week is we will...
So we are right on the cusp. I can't really add much commentary here. If you know what you're looking at here, you can tell why.
RSI - it's above the critical resistance and is testing it as support.
Ichimoku - Price is under the green cloud being held down by the "red line" (sorry ichi guys... why speak Japanese?") But the lagging span has emerged from the cloud...
This is the first part of a tutorial series I will develop about trading concepts I use that are not well understood. I am using BTCUSD specifically, but the general ideas apply to every tradable asset.
Volume is the amount of force applied to the market in both directions, buy and sell. It is "Ipso Facto" (by the fact itself) that force moves objects, with the...
Many people are excited for the Bitcoin bull move to continue. Looking at the last 6 days of action, short was the way to be. Of course, there wasn't a whole lot of meat on that bone as we're just chopping around in a descending wedge.
This idea is pretty self-explanatory. We are in a descending wedge. The bears have sold this thing down about as far as they...
$ / Tick is calculated using 1 tick = $0.01 What you're doing is taking the total volume executed across ALL the exchanges... Then subtracting the HIGH and the LOW to get the range.. then dividing the two . What that does is evenly distributes/allocates volume to each tick of price movement on the bar. these are daily bars.
e.g $1.00 = 100 ticks. Volume 5000,...
It's an inside pitchfork. Using fib levels for the most part, you create a perfect map of the bear market. Hitting the median line today. Breaking over this should be impossible. We should retrace from here. But, if we break over and hold it on the daily/weekly frames. WHEW! that's bullish.
Not sure why I have the SRSI on this chart. Sorry about that.. lol Carry on.