Let's see how BTC is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price is consolidating for now in a sideways channel after a correction.
The market is showing SELL volumes for BTC.
Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as...
Last time we was at these levels we had a head and shoulder.
Shown by 1 (green) and 2 (red), expecting this weekly candle to close below this range.
This is where a lot of selling pressure is, above the ATH is obviously free game but for now we have resistance here.
My past predictions came true.
Price sequentially:
adjusted towards support.
Then it rose to the resistance 60926.8.
Now the price is at the resistance line 60926.8.
It rose to this line from local support (March 2021) 55435.8.
First, the price touched the resistance at 69715.6, then worked out the correction.
After the second touch, I expect to fall.
Target -...
Do we really need to have the entire EW history charted or can we simply eyeball & count 5,3,3,5 waves? Especially when sub-waves previous to the impulse don't exactly subdivide according to EW rules but are confluent with other indicators
If we break below the bottom of the 225BB (Standard deviation) SD, we're likely to drop to the 605BB median line around $8.450 on the 4hr
That should catch us but if we continue to fall (unlikely IMO) next stop should be the bottom band of the 225BB 3.2 SD (green band) around $7,700
These 3 bands have worked incredibly well for some time, especially the 605BB on...
BTC is completing a 5 wave structure after which I believe it's likely to continue down to where algos are waiting to buy at the .618-.65 golden pocket (gold box) from the 2017 ATH
Here we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information give to the...
