[Red Apple] "Target prices for Bullish"_BTC/USD_18.08.20

Let's analysis BTC~

If you are busy, you can just read below briefly
'A. Briefing '
'E. Target prices for Bullish'
'F. Strategy'
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A. Briefing
. Hammer candle on weekly
. Bullish Harami candle on daily
. staying over 20EMA on 4H

B. Weekly Chart

a. Candle
similar with Hammer -> it can be from morning star pattern(in case, over $6700)

b. EMA
closer and closer between 20EMA and 50EMA

C. Daily Chart

a. Candle
Bullish Harami

b. EMA
20EMA can be worked as resistance

c. Sum.
Bullish harami is less reliable than engulfing and piercing candle. Previous high level and 20EMA($6630~$6650) can be worked as resistance

D. 4H Chart

a. EMA
staying over 20EMA and there's possible 20EMA to be crossed over 50EMA

b. Pattern
a)

Neck-line for Inverse H & S, triangle, Wedge is broken again
b)

new triangle pattern is formed

c. Elliott Wave

d. Fibonacci

need to go over 0.886

e. Sum.
focus on breakout of new triangle

E. Target prices for Bullish
Target prices for Bullish are as below, as per above briefing + Monthly Chart.
a. Monthly :
a) mim. $7000
b) max. $7700 (-> Three Outside Up pattern)
b. Weekly :
a) mim. $6700 (-> Morning Star)
b) max. $7000 (-> previously high level and 50EMA on weekly)
c. Daily :
$6630~$6650 (-> previously high level and 20EMA on daily)
d. 4H :
penetrate up-ward on triangle

e. Sum.
In short,
1st ) $6700
2nd) $7000
3rd) $7700
Those are targets for Bullish. (and finally $8500)

F. Strategy
Today, we need to focus on new triangle. if it is broken up-ward and penetrate previous high level, it can go more.
Therefore, i recommend that find out BUY signal above $6650.

Trade safely~
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评论:

Volume is getting lower and lower. it will be bombed soon. be careful always and keep your stop-loss.