This analyse used Fibonacci and my indicator call "Macd_Reader_Signal_Moriceau_Thesis_indicator" in Public library of Trading View. I estimated the way of the BTC over the next couple of day. If you have any comment, let me know.
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The resistance is confirm. The bitcoin will probably go close or under 10K$ until Thursday/Friday.
Comentarios
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Here is the update and following idea and short target position of
*EDIT: Heikin Ashi indicates green candle dangle through the up.
emre246
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This chart,i think,your wish. There is no support and resistance line. Show me,where is the support trend line? On the other hand, do you know anything about RSI normal band? RSI bands move between 30-70 if trend moves horizontally. Look at the Bollinger bands, also look at Heikin Ashi. Trend line is moving near the top Bollinger Band and also Heikin Ashi indicates red candle dangle through the up. Please, share analysis not wishes.
Thanks.
Hugo_Sw_Trader
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Hi @emre246, Thank you for your question.
Is not wishes... it just the result of my first mathematical analysis. In fact is not only technical and may be I did wrong... Some people are agree with the actual shoulder head shoulder... I analyzed with my personal indicator that is not bad in backtest... and determined line with Gann Square. I know RSI like a quantitative analyst... that mean mostly the mathematical part and how to read it. It's also my first graphic analysis so if you have any suggestion how to improve it it's a pleasure.
CryptoBuzzAnalyst
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I don't understand why your MACD indicator which shows yellow for buys does not light up yellow for Feb 6th, when it hit the bottom...That doesn't make sense to me! Can you explain that to me???... I loaded this as an indicator, but when I saw that , im not sure this is too be trusted???
Hugo_Sw_Trader
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@CryptoBuzzAnalyst, Thank for your question. Firstly this indicator is a mix of MACD, RSI and Volume indicators I did for a crypto company and also my thesis. It's also my first one on TradingView by the way.
Yellow candle mean it will probably continue to go up but it's not a signal to buy. You just need the B signal for Buy and S for sell for your position... Yellow or black candle are just here to confirm the position you already have.
If you have any suggestion to improve this indicator or question just let know.
CryptoBuzzAnalyst
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@HM, So can you explain the B and S signal... What color is the Buy (B) signal and Sell (S) signal. please explain more about that thanks. ive been testing it, but don't understand how to use it.. Cant bet my money on this unless I understand it and it make sense on the charts. Thanks.