This is still the fallout from the 7 hour tripple doji. The TD indicators count up till a 9 green then warn you to sell. They then pull back for a 1 to 4 candle pull back ( red candles ) then they count back up In this case the 7 hour candle has hit a tripple doji which indicates a very strong movement so the fallout is extended . This candle will now count down for a 1- 4 candle pullback , but these are 7 hour candles so we have at the minimum 3 more hours to go . The drop for the 4th candle is 8300. The fall is reversed when the TD indicator flips to green candles and numbers and counts back up .
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This third candle closes in 3.hours and 30 minutes then there will be one more drop in 10 hours
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The blue arrow under the line is the distance that third candle will move. it will also be the length of candle # 3 from one end to another . This 3rd candle can also move back into the triangle and shorten the fall, but its length end to end will be the end length of this blue arrow . This will close in 3 hours and 30 mins
Hi, good TA. What are you raising today that on the final day of the west coast of the USA, we will fall to $ 8.3k? And then during the Asian working day, where do you think we will go? Can we fall to $ 7.7k SMA200 zone?
mycotoxin
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@gusccbb, you are correct we can fall to 7500 in 17 hours . The 7 hours candles will fall here (marked on the graph).
But BTC is unpredictable and does whatever BTC likes so things can change .
we can confirm if the next candle in about 3 hours hits 86xx range
@gusccbb,Cheers how can you tell im on the west coast ?
gusccbb
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@mycotoxin, I mean that those supports will be tested hia closure west coast USA and I'm going to work in Asia
mycotoxin
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@gusccbb, Thanks , i ve notice BTC sometimes will spread out the targets over a few days or even the following week.
But it does come back and hit them . i think it does thie to catch us off guard as we get comfortable thinking the targets
must have been an anomaly then it comes back and hits them a few days later.