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Bitcoin - DeMark 9-13 Buy

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BITSTAMP:BTCUSD   Bitcoin
DeMark 9-13 Buy

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Bình luận:
$10,831 target completes Weekly 13.

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Buy Targets:

8200 - EMA 305
7750 - 1/2 EMA 305 & 610
7435 - Futures Weekly Bull Sash
7295 - Daily Morning Star
7260 - EMA 610
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BTC 4H Work In Progress:

- The chart favors panic selling. This can come now with the loss of the triange or, more interestingly, it can come with a bull trap around 8675. Don't be fooled into buying!

- The chart is on TD Sequential 8-of-9, imperfected. Bearish momentum is approaching its climax. T-Minus 3 Hours.

- Observe the 4H Inverse Fisher Transform RSI indicator by @Moe_mentum. I've highlighted the 9 which followed Operator entry, and the 9 to come. We can observe that the market is NOT YET oversold, but it will be, after the panic.

- The Daily chart will print a bullish reversal 9-13 combo at 8073.32. This is a rare event and it's obfuscated by a price flip. Even people knowledgeable in TD Sequential can miss this signal.

- On Tuesday, the Daily Bitcoin Dominance index (BTC.D) printed a 9, suggesting the potential for a bullish reversal. The Doji stopped downward momentum.

- Sentiment is bearish and the 4H TD Sequential 9 should be happy to punish bears before pushing the market into new highs. I suggest an upside target of 10831, at the anticipant Weekly TD Sequential 13. The market should well draw in foolish bulls at this level, we will know better.

I will delete this an repost with updated information as candles develop.

Bình luận:
BTC 4H Work In Progress:

- The chart favors panic selling. This can come now with the loss of the triange or, more interestingly, it can come with a bull trap around 8675. Don't be fooled into buying!

- The chart is on TD Sequential 8-of-9, imperfected. Bearish momentum is approaching its climax. T-Minus 3 Hours.

- Observe the 4H Inverse Fisher Transform RSI indicator by @Moe_mentum. I've highlighted the 9 which followed Operator entry, and the 9 to come. We can observe that the market is NOT YET oversold, but it will be, after the panic.

- The Daily chart will print a bullish reversal 9-13 combo at 8073.32. This is a rare event and it's obfuscated by a price flip. Even people knowledgeable in TD Sequential can miss this signal.

- On Tuesday, the Daily Bitcoin Dominance index (BTC.D) printed a 9, suggesting the potential for a bullish reversal. The Doji stopped downward momentum.

- Sentiment is bearish and the 4H TD Sequential 9 should be happy to punish bears before pushing the market into new highs. I suggest an upside target of 10831, at the anticipant Weekly TD Sequential 13. The market should well draw in foolish bulls at this level, we will know better.

UPDATE:

- TD Sequential 9 closed incomplete, trapping bulls as high as 8799.03. Buyers would have set their protective stops below the low of the #7 candle.

- The current candle has triggered the SL of the above mentioned bulls.

- Volume does not show that panic selling has entered the market yet. IFish RSI shows the bull trap occuring on the incomplete 9, having failed to penetrate the Over Sold line. My expectation is that we will with the new 4H candle, enter the OS area with panic selling. Volume should be somewhat on par with the panic selling on the left side of the chart. We will want to look to the next 2 candles or so for entry along with Operators.

- We should see OBV drop into the prior Over Sold area, as illustrated with the green dashed line.

- Ideal entry remains unchanged. Relevant Levels are:

8200 - EMA 305
8050-7900 - moe_mentum's AOI
7750 - 1/2 EMA 305 & 610
7435 - Futures Weekly Bull Sash
7295 - Daily Morning Star
7260 - EMA 610



Bình luận:
Giao dịch được đóng thủ công:
9-13 did not happen.
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