[Red Apple] "Just before going Up or Down"_BTC/USD_18.08.30

30 thg 8, 2018

There's nothing special.
So, let's briefly analysis BTC.

If you are busy, you can just read below briefly
'A. Briefing '
'F. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)

A. Briefing
. Touching trend line on weekly chart

B. Weekly Chart

Touching trend line on weekly chart and if candle is closed around this level, there's high possible to be formed 'Falling Three Method'.

C. Daily Chart

Hanging Man and blocked by 100EMA

D. 4H Chart

re-entered rectangle just after breakout. but it is quite meaningful to be appeared Bearish Engulfing candle even it is going again. also distance between EMAs is getting further and it lead to Dead cross on MACD.
if falls down, check 20EMA's support.

E. 1H Chart

fell down after breakout of double top in the short term. at the moment, it goes up over neck-line.

F. Sum.
Recommend wait except scalper and strategy is the same as previous;
1. Drop : check whether BTC is supported by ascending trend line and Fib. 0.382
2. Rise : check whether neck-line and Fib. 0.5 are broken

Trade safely
If i catch 'buy signal' and something special, 'll comment

Thanks and if you got help, click +Thumb up!, +Follow!!. ^^

30 thg 8, 2018

Ghi chú

don't be panic due to this drop. we already expected.
just check whether it is supported from Fib. 0.382 and ascending trend line(orange).

30 thg 8, 2018

Ghi chú

There's wedge on 1H chart. Focus on breakout of ascending trend line, Fib. 0.382 and wedge.

also, If daily candle is closed like this, evening star will be completed.
Set your strategy for trading.
This is the end of my idea and real updated comment.
If you got help, click +Thumb up, +Follow.
Thanks :-)