Harmonics: - An AB=CD pattern seemed to be forming, but the ratios were not respected.
Elliot Wave: - There is an Elliot Wave ABC correction that may be followed by an impulse.
Heikin Ashi: - Bullish Trend.
Wyckoff Arsenal (The Wyckoff Method): - Force vs Price Bullish Divergence; - Technometer Clearly Oversold at 37.52; - followed by a higher low at 40.24; - and a small Bullish divergence with Price action.
Interested Target ares: 13618, 16618 Stop Loss level: 8960
Confirmed Hidden Bullish Divergence: OP or Volume down - Price up However, a failure to push higher may bring us to lower lows
註釋
Force & Tech are trending upwards. Demand is coming into the market - OP starts to trend upwards as well. It gives a sense of harmony.
Let's see how it goes.
註釋
here we go, a rally followed by harmonious indicators
註釋
preceded*
註釋
So far, so good - everything keeps trending upwards
註釋
The Technometer is Overbought at 49.78! Is it time to sell? I don't think so. All the other indicators are still pointing upwards. Although it is good to use the Technometer as a starting point of analysis, it is not ok to use it as a sole indication.
I'll be waiting for signs from all the indicators. Maybe we can find some divergences.
註釋
Current support and resistance levels highlighted Resistance - 12000 Support - 11100-11500
註釋
We are now in a trading range. It may take a few days.
註釋
The recent "decline" was not a breakdown. Bitcoin is still trading between the marked Support and Resistance levels. Right now, Bitcoin is just at the Support level. The non-spoofing buy orders in the order book maintain this Support level.
The Volume Delta is increasing (this information may be observed better on the intra-day charts) - Buyers are absorbing the Sellers. Subsequently, we can see the divergence between CVD and price: Price marked a lower low while CVD maintained its level.
The Technometer just passed its neutral level towards the oversold levels.
註釋
BTC is being sold into Tether USD is flowing into BTC A big move is coming...
註釋
The sell-off pushed the Technometer's values to 41.12. Some exchanges reached as low as 35 values. A value of 38 or lower is considered to be clearly Oversold.
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