[Red Apple] "ROller-coaster~!!"_BTC/USD_18.09.06

in #bitcoin • 6 years ago

As expected, BTC is being DUMPed a lot.
Let's briefly analysis BTC~

If you are busy, you can just read below briefly
'A. Briefing '
'D. Summary and Strategy'

A. Briefing
. Failure to break trend line
. Breakout of Wedge -> Breakout of Channel

B. Daily Chart
1.png
a. Trend
Breakout of up-trend
b. Candle
Bearish Engulfing Candle (;;)
c. EMA
just before Dead Cross between 20EMA and 50EMA
d. Sum.
No good.

C. 4H Chart
2.png
a. Trend
Lower low. it means reversal based on Dow theory

b. Pattern
a)
3.png
Breakout of Wedge , Channel
b)
4.png
Cup and handle -> breakout down-ward due to resistance( trend line )
c. Sum.
Be careful of trading

D. Summary and Strategy
Keep going down. expected it dropped to $6600~$6800 but it is much faster.
5.png
in this pace, it is possible to touch ascending trend line (red, purple) quite earlier than i expected.
Recommend you to trade after confirming buy signal or if you are aggressive trader, trade from ascending trend lines with short stop-loss.

Trade safely.

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

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