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[Red Apple] "What is the next movement??? "_BTC/USD_18.08.13

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I expected rebound and then, be blocked 20EMA on 4H. At the moment, it moves sideways.
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
. move sideways along with 20EMA on 4H

B. Weekly Chart

a. Candle
If there's one more bearish candle, it can be formed 'Three Black Crows' pattern.

b. EMA
20EMA will say to 50EMA soon "long time no see since Nov.2015"

c. Pattern
Adam & Eve pattern (Double bottom) -> right bottom can be dipped more -> the moment for Buy is the time when it penetrate neck-line, not now.

d. Sum.
There's no positive signal.

C. Daily Chart

a. Trend
Descending

b. Candle
possibility for Three method

c. EMA
All EMAs are in reverse order

d. Indicators

a) Hidden Bearish Divergence on CCI
b) MACD line and signal line are under '0'
c) ADX -> -DI -> +DI, ADX line is heading up -> indicate 'Bearish market'.

e. Sum.
There's no Buy signal. Many indicators are showing additional drop and even it goes up, $6500 can be resistance line shortly.

D. 4H Chart

a. EMA
All EMAs are in reverse order

b. Elliott Wave

if it falls down under $5755, Elliott waves fail.

c. Fibonacci

blocked by 0.786

d. Sum.
just following 20EMA on 4H and there's no special pattern. the most importance mission for BTC is penetration of 20EMA on 4H.

E. Strategy and Summary
High Time Frame charts show negative signal. if there's 'Dead Cross' on weekly chart, BTC can be in long period of stagnation. hope this week is reversal point. In personal, it can be dropped one more time.(if it becomes real, check my previous idea)
a. About previous briefing : keep commenting about 20EMA on 4H and it's moving along with it.
b. About this briefing :
b.1 For Aggressive Traders : Buy when it penetrate 20EMA -> take profits(1~2%) shortly($6500 can be worked as resistance line)
b.2 For Conservative Traders : wait until breakout of 20EMA and check Buy signal.

Trade Safely~~

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Also, if found something special, i will comment in real time.

註釋

it is moving inside of Pennant or Triangle pattern.

註釋

candle on 4H is over 20EMA. Check support.

註釋

If you bought BTC following strategy for aggressive trader, hope take short profit at $6500 as my strategy and have a look more.

註釋

if the price going up over $6628, hidden bearish divergence on CCI becomes invalid.

註釋

now, channel lined red is more accurate rather than triangle.

註釋

candle's kept staying over 20EMA on 4H chart. this is good signal for BUY but recommend that wait until breakout of $6628 line.

註釋

it has been taken over 2 weeks to stay over 20 EMA and also there is breakout of descending channel.
Check whether it goes up over previous high level($6628). if the level is broken, find BUY signal.
Thanks, this is the end of my idea. see you next idea.
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