Felix000
Long

#crypto #bitcoin could touch $7,764 by end of week Y/N

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
#bitcoin could touch $7,764 by end of week. Any later close above $7,926.8 could be a game changer, but there will more likely be an attempted sell-off like earlier patterns.

Top horizontal zone is volatility of week begining April 30th because it's a X2 mutiple of the distance between Feb 19th fractal high and March 26th fractal low.

Lower horizontal zone is volatility of week begining June 4th because it's a X2 mutiple of the distance between March 26th fractal low and April 30th fractal high.

White diagonal lines have been created whenever there has been a consecutive divergence e.g. two green candels with consecutive lower scores in the Histogram below (yellow).

Yellow arrows indicate the day after divergences when market closes outside the divergence candles. I'm assuming that this week will close above last weeks open of $6,707 and have therefore added in the latest yellow arrow. If it fails to close above then it will have to be removed and await further weekly closes to see which way arrow should be pointing.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.

Note that my MACD settings are:-

Fast Length 6
Slow Length 13
Source: Close
Signal Smoothing 31


NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
Comment: Note: End of the week being Sunday July 22.

NOT ADVICE. ALL STANDARD DISCLAIMERS APPLY. DO YOUR OWN RESEARCH.
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