Bitcoin/USD Technical/Time Analysis 4hr Chart
@EpicDesigns Technical Analysis Report 2/21/2018
Coin/Asset:
-Bitcoin/USD:Coinbase
Current Price:
-$10,453.74
4 hr chart:
Time indicator called a reversal at the most recent green 9, sell signal confirmed as we saw a 1 to 7 (of 9 or 13) reversal countdown. What's this mean? This means we could see support on the 4 hr chart within 2 to 6 candles (likely 2) before another 1-9 green setup sequence starts. Later today could turn out to be a good entry for BTC/USD, as I'd expect a possible bounce off the 200d moving average completing the 1-9 countdown; starting a 1-9 set up.
The outlook:
In simple terms, if you're looking for a quick trade on the 4hr chart pick up some more bitcoin this evening and prepare for an upward swing in the dollar price tomorrow.
Thank you for the analysis. Can you give some more information where one can find a free source to charge Crypto for current moving average?
I agree with your TA, and I think we will have one more bounce from 10200 support before BTC finally decides where the price will go. Followed you since I just did a BTC TA update!
Awesome thank you :) and we shall see :)
Looking good my friend. Better brush up on your trading skills!