[Red Apple] "Re-entering into Box & ETF dates "_BTC/USD_18.08.23

23 thg 8, 2018

Let's start analysis BTC with ETF dates.

If you are busy, you can just read below briefly
'A. Briefing '
'D. ETF schedule'
'E. Strategy'
before read, click '+Thumb up, +Follow' :-)

A. Briefing
. Up but breakout of triangle
. re-entering into Box
. Inverted hammer on Daily chart

B. Daily Chart

a. Trend
forming 'Rectangle' after breakout of descending trend line

b. Candle
Inverted Hammer

c. EMA
still array in reverse

d. Sum.
Inverted hammer is less reliable for Bearish because it is formed not in top. Focus on Box.

C. 4H Chart

a. EMA
Golden cross between 20EMA and 50EMA

b. Pattern

a) AB=CD : it becomes invalid because candle is going under B point. even it go over B again, it is invalid from time-based perspective
b) Triangle : breakout down-ward

c) Box

c. Elliott Wave

Big 2nd wave is still on going

d. Fibonacci

Orange Box is important range for bullish

e. Sum.
There's EMA golden cross but it is not Buy signal. it is just happened by factitious rising and fall. At the moment, just focus on rectangle.

D. ETF Schedules
a. Result of ETF approval (ProShares)
https://www.cnbc.com/2018/08/22/sec-rejects-bitcoin-etfs.html
Rejected.
the reason is similar to Winklevoss ETF. In short, the SEC concerned about fraud and manipulation of bitcoin markets.

b. ETF Schedules
Aug 23: ProShares ETF -> Rejected
Sep 7: Bitwise ETF
Sep 21: Direxion ETF
Sep 30: CBOE VanEck / SolidX ETF

c. Sum.
Maybe, because of this situation, there's just moving sideways. For your trade, check these schedules.

E. Strategy
a. For aggressive traders : Box trading or trading from trend line when it falls down
b. For conservative traders : Focus on breakout of the box or find out buy signal from trend line when it falls down

-> hope there's no more sideways moving. Focus on breakout of the box and look for buy signal.

Trade safely and if there's big movement, i'll give comments.

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23 thg 8, 2018

Ghi chú

For your reference, Those are Bearish view. Bearish Flag and AB=CD pattern.

23 thg 8, 2018

Ghi chú

Difficult to find Bullish View..
only can find Bullish view like arrows. Support trend lines and rebound.

23 thg 8, 2018

Ghi chú

Today, BTC is moving sideways, as well. in the past, BTC was dumped a lot after denial on winklevoss' ETF. Check out what it is going on in this time.
and also i read other articles about denial of ETF. SEC rejected Proshare, Direxion and Granite Shares at the same time. i couldn't find about Bitwise and also people are expecting that application of CBOE's ETF will be postponed until 2019.
Check these for your trading.

This is the end of my idea.
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Thanks. :)