Allosaur Indicator shows there is a high probability of btc increasing on 30 mins chart. Long with stop loss 2% below yellow bar signal.
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Allosaur indicator calls tops and bottoms and showing a high probability of BTC/USD dip on 30mins chart, go short with stop loss just above the signal.
If interested in this indicator contact me at email@example.com
Looks like we're going to break the cloud. As i havn't used any other indicators at this point, if we do break need to find support points. Looking bearish to me.
Looking at bollinger bands, maybe retest the middle support, we shall see.
Just my opinion, but i think the 200ma on the daily will be retested. May not touch but come close. I think cloud support will be with us for a few days, maybe a week or two, but we fall through and retest.
What do you think?
So, we broke the 50ma on the daily. The cloud is now acting as support. My prediction, is we go sideways onto the cloud, break through and run towards the 200 ma on the daily. If you set up bollinger bands the weekly must retest close to the ma. I am bearish right now, but we will see where we end up.
We got a fresh test of a demand zone which seems to be holding against the bear assult.
We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down.
This could be the lower high or "E" wave
If it runs through the supply zone, then...
Hello spotted bullish pennant formation on BTC and this could take us to 14k zone when break up.
keep an eyes on it and follow our proposed entry zone for your long and always remember to use stop loss.