[Red Apple] "Bullish??? do not know yet!! "_BTC/USD_18.08.27

27 sie 2018

There are still not enough for reversal. Based on Dow theory, it is showing reversal (lower low , higher high) but volume is not enough and there are quite long tails of candles like alt coin.
Then, Let's analysis BTC.

If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
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A. Briefing
. Morning Star ?? Falling Three Methods?? on weekly chart
. Reversal based on Dow theory

B. Weekly Chart

a. Candle
Morning Star?? Falling Three Methods???

b. EMA
a) getting closer between 20EMA and 50EMA
b) 20EMA($7000) will be worked as resistance

c. Pattern
a) Double Bottom : if up over $8500, it can be recognized
b) AB=CD : if down under $5755, possible

d. Sum.
As i mentioned before 'repeated pattern', the height is getting smaller. we do not know when it is finished but i guess this is almost the end of time. There is morning Star but the height of last candle on the pattern is not quite enough for the pattern but rather falling three methods are more possibile. To be recognized as morning star, there should be candle over $7000.

C. Daily Chart

a. Candle
Hanging man

b. EMA
a) array in reverse
b) BTC's moving between 20EMA and 50EMA

c. Sum.
I mentioned breakout of trend line and then keep going up little by little. However, there are many candles with long tails like altcoins. Now, it is retracing after breakout of the box. it can be Entry signal for aggressive trader but risk is bigger than profit due to previous high level, hanging man candle, etc,.

D. 4H Chart

a. EMA
Golden Cross

b. Pattern
a)

getting distance closer
b)

if it goes under $6250, can be Double Top

c. Elliott Wave

looks like completed Big Wave 2

d. Fibonacci

keep telling you yellow box(0.236) is very importance 0.236 and now, it penetrated and next target is 0.382 for bullish market
(yellow box can be worked as support box)

e. Sum.
Lower low and higher high. it is showing trend reversal based on Dow Theory also yellow box on Fibonacci can be worked as support box. if $6200 line is protected, Bullish Market can be launched

E. Summary and Strategy
In summary, there are good signals on low time frame.(but i still concern about volume) however, it is hard to say 'Bullish start!!' because 50EMA on weekly can be resistance and there's possibility for EMA dead cross on weekly. + on Daily chart, Hanging man candle, EMA still array in reverse and almost dead cross on Stochastic, over-bought on CCI, ADX+DMI were mixed.
In these reasons, recommend trade safely.
a) For Aggressive Traders : if it retrace box, can buy.
b) For Conservative Traders : try to find out Buy signal after breakout of 50EMA on daily and previous high level($6899)

If up, it is meaningful when it is over $6900~$7000 and if fall, it is importance to be protected $6200. Focus on these points.

Trade with your standards.

if i catch buy signal and something special, 'll comment

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Thanks. :)

27 sie 2018

Uwaga

short ascending trend line and upper side of box can be entry point for aggressive traders. but there are 3 important resistance line between $6800~$7000.
Check this.

27 sie 2018

Uwaga

BTC is still moving sideways. Actually, the movement following over 20EMA is buy signal as per 'Granville 8 rules'. i just concern about low volumes and resistances up there.
If BTC goes over up-trend line(purple), recommend that take profits shortly and buy BTC again after breakout of each resistance.
Trade safely.
This is the end of my idea.
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Thanks.