[Red Apple] #1.1 Bitcoin Analysis(BTC/USD)_18.09.29

It's been a while since i uploaded last idea. Hope you get help for your trading from this idea.
Let's analysis BTC/USD.

If you are busy, you can just read below briefly ;
'F. Sum and Strategy'

A. Briefing
. breakout 20EMA on daily
. support on lower side of Wedge

B. Weekly Chart

if drop more in this week, expect to be supported between $6150 and $5900

C. Daily Chart

1) supporting on lower side of Wedge
2) forming 'Evening Star' candle pattern -> additional drop (Check closed price)
2) if daily chart is closed like this, 20EMA on daily is broken. it indicates that the price can be dropped more(Check closed price)
3) if drop more, expect to be supported by trend line($6250~$6300)

D. 4H Chart

1) becomes lower high -> check BTC rebound and make the price higher high or BTC drop under $6328(lower low)
2) All EMAs are broken

E. Indicators
a. Daily

1) RSI : below 50 -> Sell signal
2) CCI : formed Hidden Bearish Divergence and then drop
3) ADX : being mixed
4) Bollinger Band : supported by middle line. if drop more, expect to be supported by Lower band($6150 ~ $6200)

b. 4H

1) All indicators are showing 'Sell signal'.
2) Bollinger Band : if drop more, expect to be supported by Lower band($6300~$6350)

F. Sum and Strategy
These days, CCI divergence is quite good indicator to predict BTC's movement. Keep checking this.
1) Harmonic Pattern

(Bat -> Sell) -> (Gartley or Bat -> Buy)
2) Double Top/b]

if break Neck-Line(Red), can use this pattern for Sell.
3) Wedge

If you're aggressive trader, can buy BTC at the moment and if it goes up upper side of Wedge, Sell. or if you're conservative trader, wait closed price. set your strategy as per closed price
4) Use Trend line and Support line
b]5) Etc.
Using Bollinger Band

short wave's 0.618 is broken. if it is supported Fib.0.618, it can be not bad corrective phase but at the moment, it is better to be considered Bearish market again.

Trade safely with your standards.
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Thanks

評論:

Focus on being formed 'Head and Shoulders' pattern.

From today, will upload one idea for BTC analysis in a week for a while.

Then, this is the end of my idea. Thanks :-)