[Red Apple] "Support -> Resistance "_ BTC/USD _ 18.08.02

If you do not read previous briefing regarding 'Repeated Pattern', recommend reading it.

and also you should know BTC candle hasn't been over 20EMA continuously since end of Jan. 2018.(Check below)

Therefore, we should keep eyes on BTC

Let's start the analysis for BTC/USD chart.

If you are busy, you can just read below briefly
'1. Briefing '
'4. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)

1. Briefing
# Supported long-term up trend line
# Supported 20EMA on Daily Chart

2. Daily Chart

1) Trend
candle is staying between Long-tern(blue) and Middle-term(red) up trend lines.

2) Candle
Similar with Hammer but candle's body is a bit bigger than ori. Hammer

3) EMA
a. staying over 20EMA

4) Sum.
Candle was supported by 20EMA and long term up trend line.
-> It means that the market is still in Bullish but up-trend line and down-tend line can be worked as resistance line.

3. 4H Chart

1) EMA
a. resisted by 100EMA(orange)
b. 'Dead Cross' 20EMA(red)and 50EMA(purple)

2) Pattern

rebound from PRZ of Gartley and break the box upward.

3) Elliott Wave

Same as previous

4) Fibonacci

Supported 0.382

5) Sum.
Still it is bull market but should be careful due to Dead Cross

4. Strategy and Summary

a. About previous briefing : if you buy BTC from prz of Gartley and on up-trend line, you can hold until breakout up-trend line. Also, recommend take profits from resistance line below.

b. About this briefing : There are many resistance lines. even the price is going up, not easy to go up high because support lines become resistance lines. it means there is more risky than profit at the moment. if you don't buy BTC yet, be careful until penetrate over down-trend line and previous high leve.

Trade safely and make your standards

If you think my idea is helpful for you, Click '+Thumb up, +Follow'

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

コメント:

There's nothing special. I thought the 1H candle penetrated the box but as you see 4H candle is still in the box. if it is going down under up-trend line, be careful.

This is the end of briefing.
Thanks
: )