Based on previous trends and stochRSI on the 4 hour, 6 hour, and 12 hour time frame I believe we will see another leg down to lower lows or a double bottom.
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Price action following my original call precisely. I am looking to start rebuying around $3500-$4000
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2 Hour and 1 Day stochRSI at overbought levels now. Get ready for another leg down.
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Bearish candle we just seen on 24/02/18 around 12:00 PM EST confirms we are on track with the original idea. Expect a small upward push to snap off shorts with tight stops and then resume down trend
This is almost exactly how i see Btc behaving for the next weeks and months.
SilverStar_Trading
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@Giorgioversace, Its not the best chart, but I do most of my T/A offline. I threw this quick sketch together for my own reference and to outline the coming trend. I may refine it a little as there are a few moves I may have left out
Giovi6969
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@SilverStar84,
It doesnt look like a masterpiece but the idea is correct which makes it useful lol, that's good.
SilverStar_Trading
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@Giorgioversace, It definitely isn't a masterpiece but it gets the idea across lol I never said I was an artist :p
Giovi6969
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@SilverStar84,
lol.
Picasso was doing masterpieces but only a few % of the persons looking at them were understanding them.
Sometimes it's also good to do basic but clear things!
CristoJaraba
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Tottally agree with my mathematic method using volume, fib, ema's, and historic trends. With that method, withouth knowing that i could find something like that, and without looking for it, a box apear in the 3,5-4k region. Very interesting coincidence.
CristoJaraba
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CristoJaraba
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What do u think about?
CristoJaraba
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GREEN BOXES ARE CRITICAL ZONES WHERE TREND'S WERE DETERMINED... IF THEY CONTINUE, REVERSE, SPEEDUP, SLOWDOWN, ETC... ZONES FOR HAVE SOMETHING TO TAKE DECITIONS
SilverStar_Trading
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@CristoJaraba, I like your chart set-up! I don't usually hang out on Trading View, I do most of my T/A offline and don't really share with anyone else, but I have to agree with our green box. Everything in my charting and T/A abilities is pointing to $3500-$5000. I have buys set for $5000 and real heavy buys around $3500-$3750. I would love to see a bull run but you can't fight trends and what the signals are telling you