[Red Apple] "Dead Cat Bounce~??"_BTC/USD_18.09.07

in #bitcoin • 6 years ago

There's nothing special so briefly analysis BTC

A. Briefing
. dramatically drop and then a little rise

B. Daily Chart
1.png
a. Candle
It's possible to be formed 3 black crows
b. EMA
Dead Cross between 20EMA and 50EMA
c. Sum.
There are no good signals. MACD is also shown dead cross.

C. 4H Chart
2.png
a. Trend
Don't give deep significance for the shape of curve. Just check dramatic reversal.
b. Pattern
3.png
Descending Flag that i comment was broken and then keep rising little by little . For scalper, it was buy point. At the moment, it's changing to be formed Ascending Flag.

D. Summary and Strategy
a little rise can be recognized as 'Dead Cat Bounce'. if you are scalper, you can use this situation. However, except them, most of you would rather wait than a risky trade.
4.png
a) In case rise : Check the range of $6550~$6620. It is resistance range.
b) In case drop : Check the range of $6150~$6250. It is support range.
From those areas, find buy signal and trade.

Trade safely
Thanks and if you got help, click +Voting!!. ^^

#chart #pattern #analysis #redapple
6 years ago in #bitcoin by
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