1 Hour:
RSI: seeing multiple Hidden Bull Divs and single Bear Div Signalling Continuation upwards.
Ichimoku: Price has stayed above a bullish cloud and continues to stay above the kijun signalling a strong trend (except for a quick drop and immediate recovery).
Horizontal Resistance: next two levels to break through are 7135 and then 7496
4 Hour:
OBV/ADL seeing single hidden Bull div signalling continuation.
Ichimoku: Price is below the cloud, but the cloud is twisting bullish right now. Price has shot above the Kijun and into the cloud but was shot down to the Kijun.
Bullish TK cross
Horizontal Resistance: Next level to break is 7130 to maintain the bullish fractal pattern and then 7475. We'll see if BTC can make it up there though.
BTC long-term wedge: price has broken above and closed above the wedge on the daily and is now heading towards the long-term bear trendline (which has been broken through before).
Trade Setups: Bull: looking for a break into the cloud and above the long-term Bear trend line. Will enter on a retest of that line for a end-to-end cloud trade.
Bear: Looking for another break below the Kijun with a Bearish engulfing Candle.
RSI: seeing multiple Hidden Bull Divs and single Bear Div Signalling Continuation upwards.
Ichimoku: Price has stayed above a bullish cloud and continues to stay above the kijun signalling a strong trend (except for a quick drop and immediate recovery).
Horizontal Resistance: next two levels to break through are 7135 and then 7496
4 Hour:
OBV/ADL seeing single hidden Bull div signalling continuation.
Ichimoku: Price is below the cloud, but the cloud is twisting bullish right now. Price has shot above the Kijun and into the cloud but was shot down to the Kijun.
Bullish TK cross
Horizontal Resistance: Next level to break is 7130 to maintain the bullish fractal pattern and then 7475. We'll see if BTC can make it up there though.
BTC long-term wedge: price has broken above and closed above the wedge on the daily and is now heading towards the long-term bear trendline (which has been broken through before).
Trade Setups: Bull: looking for a break into the cloud and above the long-term Bear trend line. Will enter on a retest of that line for a end-to-end cloud trade.
Bear: Looking for another break below the Kijun with a Bearish engulfing Candle.
Comment:
Huge Judas Candle so now waiting for a little bit of a pullback and then entering.
Trade active:
I entered a bit earlier on the immediat pullback follwing that candle
15 Min now has strong and multiple bull divs on OBV, RSI and Stoch along with a C-Clamp formation on the ichimoku. It appaears we may be in a small falling wedge but it may turn into another consolidation formation after the c-clamp and divs are resolved. The higheset I think it will go is 6920 but I don't think it will pull back all the way to the Kijun and if it does it will only be a wick.
I am looking to add to my short on the pullback that I predict. However, if it doesn't pullback more and just continues to fall at a fast rate I am fine with that too.
15 Min now has strong and multiple bull divs on OBV, RSI and Stoch along with a C-Clamp formation on the ichimoku. It appaears we may be in a small falling wedge but it may turn into another consolidation formation after the c-clamp and divs are resolved. The higheset I think it will go is 6920 but I don't think it will pull back all the way to the Kijun and if it does it will only be a wick.
I am looking to add to my short on the pullback that I predict. However, if it doesn't pullback more and just continues to fall at a fast rate I am fine with that too.
Comment:
Also update: That Judas candle put us back into that falling wedge which is really bearish. Next support levels at 6600 and then 6425.
Comment:
Here is the 15 min chart (one on the left) >>
www.tradingview.com/chart/4ylXluie/
www.tradingview.com/chart/4ylXluie/
Comment:
www.tradingview.com/chart/VBUOpklV/
Perfect Kijun Bounce here, but im pissed cuz That wick missed my short order by $1.40.
Perfect Kijun Bounce here, but im pissed cuz That wick missed my short order by $1.40.
Trade closed manually:
I recently watched some more of Chaos traders and Josh O's videos on ICHI and I am changing my settings to 20-60-120-30. also my trade has been invalidated for a bit now due to the Lagging Span being in the price. I should have closed earlier and just let the trade go.
Comment:
lesson learned