[Red Apple] "ROller-coaster~!!"_BTC/USD_18.09.06

6 thg 9, 2018

As expected, BTC is being DUMPed a lot.
Let's briefly analysis BTC~

If you are busy, you can just read below briefly
'A. Briefing '
'D. Summary and Strategy'
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A. Briefing
. Failure to break trend line
. Breakout of Wedge -> Breakout of Channel

B. Daily Chart

a. Trend
Breakout of up-trend
b. Candle
Bearish Engulfing Candle (;;)
c. EMA
just before Dead Cross between 20EMA and 50EMA
d. Sum.
No good.

C. 4H Chart

a. Trend
Lower low. it means reversal based on Dow theory

b. Pattern
a)

Breakout of Wedge, Channel
b)

Cup and handle -> breakout down-ward due to resistance(trend line)
c. Sum.
Be careful of trading

D. Summary and Strategy
Keep going down. expected it dropped to $6600~$6800 but it is much faster.

in this pace, it is possible to touch ascending trend line(red, purple) quite earlier than i expected.
Recommend you to trade after confirming buy signal or if you are aggressive trader, trade from ascending trend lines with short stop-loss.

Trade safely.

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6 thg 9, 2018

Ghi chú

Large gray box is horizontal consolidation region in past. it means BTC is not easy to break down instantly.
At the moment, BTC is moving sideways inside of small gray box.
If BTC was corrected between Fib. 0.382~0.5($6600~$6800), It would be not bad for Bullish but Fib.0.618 is even broken and worked as resistance, now.

From now on, focus on small gray box.

6 thg 9, 2018

Ghi chú

For your reference, it can be recognized as Descending Flag Pattern.

6 thg 9, 2018

Ghi chú

There's nothing special.
check breakout of rectangle and Fib. 0.618 rather than flag pattern.

This is the end of my idea and comment.
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