I thought BTC will be corrected but buying trend is really strong.
Let's start the analysis for today's BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'4. Summary and Strategy'
and click '+Thumb up, +Follow' :-)
1. Briefing
# just going up~~?
2. Daily Chart
1) Trend
Breakthrough all of down and up trend line
2) Candle
Open Marubozu
3) EMA
20EMA(red) is rushing to 100EMA(orange)
3. 4H Chart
1) Trend
after retest support line, going up
2) Pattern
a.
after escape from Symmetrical Triangle, it is achieved its target almost.
b.
Achieved Target for inverse head and shoulder
3) Indicators
at the moment, candles are surfing upper band and almost indicators are showing overbought
4) Elliott Wave
Maximum level for Wave 3 : $8918.9
5) Fibonacci
resisted Fib. 0.886
4. Strategy and Summary
At the moment, I think corrective wave should be come soon but it is not easy to say "Buy now~ or Corrective wave will be soon" due to stronger buy trend that i expected. EMA on daily or 4H chart and MACD on weekly chart show quite positive situation(Bull Market). In the other hand, 20EMA on weekly chart that i mentioned previous briefing and Daily 20EMA can be resisted by 100EMA. There are existed many positive and negative grounds to anticipate bull or bear. Actually, i also sell BTC when i bought about $6200 and now looking for a good point to buy again.
Safe trade and make your standards
If you think my idea is helpful for you, Click '+Thumb up, +Follow' :)
Also, if found something special, i will comment in real time
Let's start the analysis for today's BTC/USD chart.
If you are busy, you can just read below briefly
'1. Briefing '
'4. Summary and Strategy'
and click '+Thumb up, +Follow' :-)
1. Briefing
# just going up~~?
2. Daily Chart
Breakthrough all of down and up trend line
2) Candle
Open Marubozu
3) EMA
20EMA(red) is rushing to 100EMA(orange)
3. 4H Chart
after retest support line, going up
2) Pattern
a.
b.
3) Indicators
4) Elliott Wave
5) Fibonacci
4. Strategy and Summary
At the moment, I think corrective wave should be come soon but it is not easy to say "Buy now~ or Corrective wave will be soon" due to stronger buy trend that i expected. EMA on daily or 4H chart and MACD on weekly chart show quite positive situation(Bull Market). In the other hand, 20EMA on weekly chart that i mentioned previous briefing and Daily 20EMA can be resisted by 100EMA. There are existed many positive and negative grounds to anticipate bull or bear. Actually, i also sell BTC when i bought about $6200 and now looking for a good point to buy again.
Safe trade and make your standards
If you think my idea is helpful for you, Click '+Thumb up, +Follow' :)
Also, if found something special, i will comment in real time
2. A target of Double Top
3. Support down trend
with these reasons, it can be set 'buy zone'. but if the candle is closed under down trend, should be careful.