BTC (Prj.Y19.P5.E4).v2.Critical.Point

2019年10月8日

Thoughts:
> We have been watching a accumulation with anything below 8k.
> Those who bought below 8K would generally offload a % of their holdings at this point.
> 4 HRLY, 50 EMA acting resistance

Question is, where are the buyers at this resistance point? Do we have the numbers to buy off these who want to offload a % of their shorts.
If not, then we will drop back within this bearish ascending triangle.

I think there could be a fake out, at most 8.5K. But the smart money is waiting for lower prices.

Some other perspectives.

2019年10月8日

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Macro level, we are just below the fib.level acting as a major resistance.

2019年10月8日

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A bit of a bearish div. on the 1hrly

2019年10月8日

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2019年10月8日

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2019年10月9日

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Looking weak

2019年10月9日

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Collected some profits at 8400. I don't see it going beyond 8490 at this point, to stay in the channel

2019年10月9日

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Study the candle sticks will give you some clues to the bullish move.
We have a morning star on the 1 hrly chart and on the 4 hrly chart we have a red candle with no bottom wick followed by an engulfing green candle stick with no bottom wick. All bullish indicators. The volume complements this as well and season traders would have picked this up and hence the volume. Me, I missed out for I was not available to watch this.

2019年10月9日

交易结束：到达目标

The highest its going to go in this session. Expect some some consolidation or side ways movement under this resistance. Depending on the formation and volume at this key level, will give us a clue if its going to rally again. I will be waiting for at least and open and close 4 HRLY candle above this resistance. Note the height of the flag pole equals the top of the rally for this session.