ACEACEACE BTCUSD BITCOIN BEAR!! LOWER T.F + HIGHER T.F FOR TODAY
Hey everyone, THANK YOU FOR COMING BACK! DID ACE PERFECTLY CALL THAT BOUNCY BOUNCE? YES! OKAY, LET'S GET TO WORK ON TODAY'S BTC PRICE!!!!!!!!!!!
1. Large T.F: 4 Hour Gann Fan Chart
FIRST OF ALL, YES THE PRICE IS BEARISH BUT BUT BUT BUT THAT DOES NOT MEAN IT WILL BE A ONE SHOT DUMP TO 3K OR 2K OR 1K. Everyone will say “3” so they can later post the screenshot and say “I told you” – I tell these guys, don’t do that – instead just guide me along the way and tell me when is a good time to long and when is a good time to short. Personally, I don’t care if the Bollingers or the Macd or RSI are squeezing, jumping, or crying. Why do Crypto O.G’s do that? I think it’s because they want to stay relevant and show that they have been a part of every move, but this is totally a method that misguides the common retail trader. If you’ve been in the market long enough, you know what I mean. I tell these guys please tell me when is a good time to long and when is a good time to sell! As a beginner, I hated when people did that because it left me confused about what the market is doing and what I should do. Anyways, enough of that, let’s get to work:
The price is stuck in a resistance zone.
On the most recent “PUMP” to 7778ish, it got rejected by the red 2/1 line from the PIVOT HIGH of 10500. It then began to climb down bit by bit.
The price is now getting rejected by the red 2/1 line from the PIVOT HIGH of 8637.
Why is the red 2/1 line from the pivot high significant?
If the price establishes support above the red 2/1 from a pivot high, it gets more bullish. However, staying below the red 2/1 from a pivot high keeps it in the bearish zone.
What is next?
I believe the price will follow the pattern that I have circled on the left (2 blue circled regions): With time, I think it is likely to curve downward and attempt to test the support of the red r/1 line from the PIVOT HIGH of 8222 (I have circled it in GREEN).
In my last post I said that I expect that red 2/1 line from the pivot high of 8222 to hold as support and for the price to bounce from there, WHICH IT DID. On the next retest of this line (circled in green) I am still anticipating a bounce, but I am also open to the possibility of a lack of bounce. Why do I think it will bounce? 1. Because as I have been saying: “8232 is a HEAVY CHOP ZONE” but it’s possible that buy orders in this region may be getting eaten up the more time it spends in this region.
Eventually, I expect the price to break below the 8/1 line from the pivot low of 6500ish (circled in PINK/PURPLEISH). THIS WILL BE VERY SIGNIFICANT. As I said yesterday:
“KEY TO WATCH FOR: The price is slowly moving to the right of the Gann Fan . If it falls off of the Gann fan’s 8/1 line, it may make a new pivot , from which we can start a new fan, that could produce a new MOVE UP towards 7900+
UNTIL THE PRICE AT LEAST FALLS OFF OF THE GANN FAN'S 8/1 LINE - IT MAKES - SENSE TO TAKE ANY LONG TRADES. UNTIL THAT POINT, LONGING IS A SUICIDE MISSION. ONCE THE PRICE NEARS THE 8/1 LINE, WE CAN BEGIN TO CONSIDER LONG TRADES. What did I say? CONSIDER. Key word: CONSIDER (because there is a chance that the price will DUMP to a new pivot low - we have to wait and evaluate the situation once the price nears the 8/1 line)”
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
2. Lower T.F move (for 1 minute chart scalp trades)
This is for TODAY'S 1 minute chart scalps:
Support established at 7442 = long
Support of 7321 broken = short
Today's daily range = 7442-7321 (Chop Zone)
PLEASE SEE 1 MINUTE SCALP CHART S/R POINTS
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
1 MINUTE SCALP SHORT TRADES ARE THE BEST TRADES TO TAKE IN THIS MARKET! TAKE PROFIT WHEN YOU SEE IT! TAKE PROFIT! TAKE PROFIT! TAKE PROFIT!
-I personally DO NOT take ANY long trades once the price breaks below the blue 1/1 Gann Fan line and does not at least fall below the 8/1 line (talking about the Gann Fan drawn on the 4 hour pivot low).
- BTW: THE ACE PRO SHORT INDICATOR HAS BEEN ON FIRE!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (SEE THE ACE PRO SHORT INDICATOR CHART I HAVE ATTACHED) Used with T.A + decent risk management = GOOD PROFIT. My members are killing it!
3. Super Large Timeframe:
Please take a look at my previous published idea. It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
PLEASE NOTE: DECEMBER 9TH IS A VERY IMPORTANT DAY FOR BTC . THERE IS A VERY BIG MOVE THAT IS GOING TO TAKE PLACE ON THE DATE OF OR AROUND THE DATE OF DECEMBER 7TH 2019.
_____________________________________________________________________________________________
4. Ace Pro Short Indicator
I have also launched my Ace Pro Short Indicator + Ace Pro Long Indicator (viewable on my Published Scripts page). Everyone in my Discord is killing it!!!!!!!!!!!!!!!!!!!!!!!!!! I'M SO PROUD OF THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thank you
Ace
1. Large T.F: 4 Hour Gann Fan Chart
FIRST OF ALL, YES THE PRICE IS BEARISH BUT BUT BUT BUT THAT DOES NOT MEAN IT WILL BE A ONE SHOT DUMP TO 3K OR 2K OR 1K. Everyone will say “3” so they can later post the screenshot and say “I told you” – I tell these guys, don’t do that – instead just guide me along the way and tell me when is a good time to long and when is a good time to short. Personally, I don’t care if the Bollingers or the Macd or RSI are squeezing, jumping, or crying. Why do Crypto O.G’s do that? I think it’s because they want to stay relevant and show that they have been a part of every move, but this is totally a method that misguides the common retail trader. If you’ve been in the market long enough, you know what I mean. I tell these guys please tell me when is a good time to long and when is a good time to sell! As a beginner, I hated when people did that because it left me confused about what the market is doing and what I should do. Anyways, enough of that, let’s get to work:
The price is stuck in a resistance zone.
On the most recent “PUMP” to 7778ish, it got rejected by the red 2/1 line from the PIVOT HIGH of 10500. It then began to climb down bit by bit.
The price is now getting rejected by the red 2/1 line from the PIVOT HIGH of 8637.
Why is the red 2/1 line from the pivot high significant?
If the price establishes support above the red 2/1 from a pivot high, it gets more bullish. However, staying below the red 2/1 from a pivot high keeps it in the bearish zone.
What is next?
I believe the price will follow the pattern that I have circled on the left (2 blue circled regions): With time, I think it is likely to curve downward and attempt to test the support of the red r/1 line from the PIVOT HIGH of 8222 (I have circled it in GREEN).
In my last post I said that I expect that red 2/1 line from the pivot high of 8222 to hold as support and for the price to bounce from there, WHICH IT DID. On the next retest of this line (circled in green) I am still anticipating a bounce, but I am also open to the possibility of a lack of bounce. Why do I think it will bounce? 1. Because as I have been saying: “8232 is a HEAVY CHOP ZONE” but it’s possible that buy orders in this region may be getting eaten up the more time it spends in this region.
Eventually, I expect the price to break below the 8/1 line from the pivot low of 6500ish (circled in PINK/PURPLEISH). THIS WILL BE VERY SIGNIFICANT. As I said yesterday:
“KEY TO WATCH FOR: The price is slowly moving to the right of the Gann Fan . If it falls off of the Gann fan’s 8/1 line, it may make a new pivot , from which we can start a new fan, that could produce a new MOVE UP towards 7900+
UNTIL THE PRICE AT LEAST FALLS OFF OF THE GANN FAN'S 8/1 LINE - IT MAKES - SENSE TO TAKE ANY LONG TRADES. UNTIL THAT POINT, LONGING IS A SUICIDE MISSION. ONCE THE PRICE NEARS THE 8/1 LINE, WE CAN BEGIN TO CONSIDER LONG TRADES. What did I say? CONSIDER. Key word: CONSIDER (because there is a chance that the price will DUMP to a new pivot low - we have to wait and evaluate the situation once the price nears the 8/1 line)”
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
2. Lower T.F move (for 1 minute chart scalp trades)
This is for TODAY'S 1 minute chart scalps:
Support established at 7442 = long
Support of 7321 broken = short
Today's daily range = 7442-7321 (Chop Zone)
PLEASE SEE 1 MINUTE SCALP CHART S/R POINTS
ONCE AGAIN: 7232 IS A HEAVY CHOP ZONE: TRADERS BEWARE!!!!!!!!!!!!!!!!
1 MINUTE SCALP SHORT TRADES ARE THE BEST TRADES TO TAKE IN THIS MARKET! TAKE PROFIT WHEN YOU SEE IT! TAKE PROFIT! TAKE PROFIT! TAKE PROFIT!
-I personally DO NOT take ANY long trades once the price breaks below the blue 1/1 Gann Fan line and does not at least fall below the 8/1 line (talking about the Gann Fan drawn on the 4 hour pivot low).
- BTW: THE ACE PRO SHORT INDICATOR HAS BEEN ON FIRE!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (SEE THE ACE PRO SHORT INDICATOR CHART I HAVE ATTACHED) Used with T.A + decent risk management = GOOD PROFIT. My members are killing it!
3. Super Large Timeframe:
Please take a look at my previous published idea. It is likely that BTC will follow a fractal that I have obtained through use of my unique S/R system. I believe it is likely for BTC to go down to the 6k region, perhaps a double bottom , but more likely a higher low, and then continue upwards to the 9000-9900's. A higher low in the 6k's before a move up to 9k's would be bearish in my opinion.
Why?
Whenever the price falls below the Blue 1/1 of the Gann Fan from the pivot low, it is less bullish . Once it is below the red 2/1 of the Gann Fan , longs are extremely risky.
If the price were to make a higher low in the 6k's, it would be below the blue 1/1 of the current pivot low at 6524ish.
Here is a recap of my previous idea:
"I use a lot of numerology in my technical analysis . I use a unique S/R system, which leads me to believe BTC will dip back down to the 6k region before a potential move up to 9k. If you look at the chart in which I have included the fractal moving up to 9K, compare it to the pattern from May 2018 which I have circled on the left. Ignore the price, but pay attention to the S/R levels crossed. This fractal is currently playing out on the lower TF." + I BELIEVE THAT ALL PRICE ACTION IN THE HISTORY OF BTC THAT IS ABOVE 10500 IS JUST NOISE AND SHOULD BE IGNORED!!!!!!!!!!!!!!!!!
PLEASE NOTE: DECEMBER 9TH IS A VERY IMPORTANT DAY FOR BTC . THERE IS A VERY BIG MOVE THAT IS GOING TO TAKE PLACE ON THE DATE OF OR AROUND THE DATE OF DECEMBER 7TH 2019.
_____________________________________________________________________________________________
4. Ace Pro Short Indicator
I have also launched my Ace Pro Short Indicator + Ace Pro Long Indicator (viewable on my Published Scripts page). Everyone in my Discord is killing it!!!!!!!!!!!!!!!!!!!!!!!!!! I'M SO PROUD OF THEM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thank you
Ace
Trade active:
The price may be headed towards 6900's right now.
Trade closed: stop reached:
I did get stopped on my short trade. My reason for entering the short scalp was that there was a bearish cross on the 1 minute between the 1000 tema and 800 ema taking place. However, the price did pump up and stopped me. I will not take trades during the weekend to avoid the chop
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.