In this video, you can see a total of 8 charts that comprise different time frames for BTC, ETH. The chart is made up of carefully calibrated moving averages and fib levels.
The entry point is detected in the 3 min time frame, and exit is detected primarily in the 5 minutes time frame and secondarily in the 3 minutes time frame. An entry point exists in the opposing currency( bearish ) when an exit condition is met in the bullish currency.
Analysis:
Based on the current condition, BTC is overbought. This might be a temporary bullish trend reversal based on the position of the VWAP, fibs, and moving averages. Expect the price to drop 1.5-2% before we reverse direction.
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
The entry point is detected in the 3 min time frame, and exit is detected primarily in the 5 minutes time frame and secondarily in the 3 minutes time frame. An entry point exists in the opposing currency( bearish ) when an exit condition is met in the bullish currency.
Analysis:
Based on the current condition, BTC is overbought. This might be a temporary bullish trend reversal based on the position of the VWAP, fibs, and moving averages. Expect the price to drop 1.5-2% before we reverse direction.
Disclaimer:
The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Comment:
As predicted, BTC experienced a short. There was an initial fake bullish motion, but it seems this occurs to liquidate leveraged positions and stop out trades with stop losses within the range of the fake bullish motion.