[Red Apple] "Bullish?? Not yet. "_BTC/USD_18.08.10

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As i expected, the expected line was supported. if you not see, check previous briefing. (https://kr.tradingview.com/chart/BTCUSD/Ysvpy1N9/)
It is going up now, but...
If you are busy, you can just read below briefly
'1. Briefing '
'4. Etc_lots of resistances'
'5. Summary and Strategy'

before read, click '+Thumb up, +Follow' :-)

1. Briefing
# Piercing Candle
# Dead Cross on Daily chart
# lots of resistances

2. Daily Chart
ảnh chụp nhanh
1) Trend
Still under up-trend line

2) Candle
Piercing

3) EMA
'Dead Cross' between 20EMA and 50EMA

4) Sum.
there's piercing candle and the down slope of EMAs become gentle but i feel lack of energy for Bullish. if it had gone up more, the candle would have been 'Bullish Engulfing Candle' which is more clearly indicated 'Bullish'.

2. 4H Chart
ảnh chụp nhanh
1) EMA
a. EMAs are arraying in reverse order
b. candle is staying under 20EMA -> staying under 20EMA for over 10 days

2) Pattern
a.
ảnh chụp nhanh
in process
b.
ảnh chụp nhanh
upload this as last comment in previous comment and completed the target.
c.
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breakout symmetrical -> throwback -> penetrate upward again -> complete the target.

3) Elliott Wave
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4) Fibonacci
ảnh chụp nhanh
Blocked by 0.786

5) Sum.
Need to breakout of 20EMA

4. Etc. _ lots of resistances
introduce from low frame to high frame
1) 1H
ảnh chụp nhanh
a. 100EMA : $6670

2) 4H
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a. 20EMA : $6600
b. 50EMA : $6950
c. 100EMA : $7200

3) 1D
ảnh chụp nhanh
a. 20EMA : $7130
b. 50EMA : $7170
c. 100EMA : $7425
d. up trend line and down trend line for Short : $6820
e. up trend line and down trend line for Long : $7600

4) 1W
ảnh chụp nhanh
a. 50EMA : $7370
b. 20EMA : $7600

5) Sum.
there are lots of resistances. in short, $6600, $6800, $6900, $7200, $7400, $7600,, $8400,,,, to breakout of all those we need huge bullish candle.

5. Summary and Strategy
a. About previous briefing : rectangle and symmetrical triangle was completed its target. if you bought BTC using those pattern, recommend take profits partially or all. if you bought BTC using Crab pattern, hold and keep stop-loss.
b. About this briefing : As i explained, there're lots of resistances. it will move zigzag or huge bullish candle to breakout of the lines or it can retest bottom or 20SMA($5800) due to many resistances. in this reason, if you not buy BTC, recommend just watch and check my comment.

Trade with your standards.

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Also, if found something special, i will comment in real time.
Ghi chú
ảnh chụp nhanh
Supporting lower red box is very importance. focus on it.
Ghi chú
ảnh chụp nhanh
check Fibonacci for short period
Ghi chú
ảnh chụp nhanh
if it is supported on 0.618, it's not so bad for bullish but if it breakout, there's possibility for 2 cases.
1. Double bottom
2. ABCD Pattern
Ghi chú
ảnh chụp nhanh
It's trying to penetrate 20EMA on 4H.
If you still haven't bought BTC,
For aggressive trader : if this candle becomes Bullish Engulfing Candle on 4H, can buy when it retrace.
For conservative trader : buy after penetrate previous high point ($6628)

Thanks, this is the end of briefing. if you got help, click +Agree, +Follow.
Bitcoin (Cryptocurrency)CrabdeadcrossFibonaccismaTrend Lines

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