Johnny_6Sigma

Johnny_6Sigma Updated 

The area of confluence ($7742-$7570) is holding up strong. Area of confluence: combination of multiple strategies into one strategy. It is useful to find a support or resistant range for the asset's price action. How to find: One way to find the area of confluence is finding the overlap within separately mapped Fibonacci retracements ...

Johnny_6Sigma Updated 

All indicators are pointing to bearish price action. We have a Red 2 trading below a red 1 on the daily chart. The probability of bearish price action in the next few days are high. We tested the resistant area of confluence, and failed. After the failure you can see the RSI nose dived, and It shot us down $500 within hours. The current RSI indicates...

Johnny_6Sigma Updated 

We have a red 2 trading below a red 1. This indicates we have a high probability of further bearish daily price action. If we close today above the yesterday this is reduces the probability of bearish action, and have a higher chance of a reversal. As of now, the chances of 1-2 more days or either bearish or sideways movement is higher than a reversal to the...

Johnny_6Sigma Updated 

Today, we faced a bit to a price spike to no avail, and now were back in the 6900 range. So you might be asking yourself what the F**K is going on?! Below you will see a very simple and clear explanation on what is to come in the next few days. 1. Today was the creation of the 8th candle in the TD setup. As I predicted in my analysis from yesterday the candle...

Johnny_6Sigma

1. If we continue at this rate we will get a sequential 9 on Sunday. That is only if we continue to close Friday, Saturday, and Sunday lower than the close 4 days prior to the specific date. Since we are most likely going to see the Death Cross (50 D MA crosses over the 200 D MA) this weekend, the probability of getting a sequential 9 on Sunday is reasonable....

Johnny_6Sigma Updated 

Weekend 1. BTC had a Bullish rally over the weekend forming a few bull flags. At one point BTC went into a state of consolidation and then it shot up about 3.84%. 2. THE RSI peaked yesterday at about $9,300.00 and then whent he price hit $9,890.00 the RSI was not as strong as it was when the price hit $9,300. This is a sign of uncertainty and profit taking. ...

Johnny_6Sigma Updated 

1. My Golden Ratio (.618) was spot on at the price of +-8720. 2. The Golden Ratio is now acting like the support line. 3. I still think the entry price of $8800 is solid. I created a buy limit at that price yesterday afternoon and it got triggered last night. 4. We are definitely in an area of consolidation. A lot of dogi candles with bullish signs. Don't get...

Johnny_6Sigma Updated 

1. Big Obvious Bear Flag 2. Broke through the .5 retrancement which was a solid support line 3. Abnormal selling volume 4. Broke trough and closed under the downward channel 5. Almost touched $9,000. On Gdax there is a huge buy wall at that price which could provide good buy volume. 6. (Opinion) The probability of the price going to the .618 retracement is likely...

Johnny_6Sigma

BTC's value could potentially fall this weekend since it might enter a corrective state.