[Red Apple] "Dead Cat Bounce~??"_BTC/USD_18.09.07

تم تحديثه
There's nothing special so briefly analysis BTC.

A. Briefing
. dramatically drop and then a little rise


B. Daily Chart
لقطة
a. Candle
It's possible to be formed 3 black crows
b. EMA
Dead Cross between 20EMA and 50EMA
c. Sum.
There are no good signals. MACD is also shown dead cross.

C. 4H Chart
لقطة
a. Trend
Don't give deep significance for the shape of curve. Just check dramatic reversal.
b. Pattern
لقطة
Descending Flag that i comment was broken and then keep rising little by little . For scalper, it was buy point. At the moment, it's changing to be formed Ascending Flag.

D. Summary and Strategy
a little rise can be recognized as 'Dead Cat Bounce'. if you are scalper, you can use this situation. However, except them, most of you would rather wait than a risky trade.
لقطة
a) In case rise : Check the range of $6550~$6620. It is resistance range.
b) In case drop : Check the range of $6150~$6250. It is support range.
From those areas, find buy signal and trade.

Trade safely and if i catch buy signal or something special, i'll update real comments.
Thanks and if you got help, click +Thumb up!, +Follow!!. ^^
ملاحظة
لقطة
Modified rectangle range as per adding up candles on 4H chart.
At the moment, the flag is being broken and supported by Fib.0.618. If the candle on 4H is closed under the flag and Fib.0.618, it would be dropped more.
ملاحظة
لقطة
As commented above, it is dropped after breakout of the flag. it can be dropped more. if you are doing box trade, keep your stop-loss.
This is the end of my idea.
if you got help from my idea, click "+Thumbs up, +Follow"
Thanks. :)
Bitcoin (Cryptocurrency)Supply and DemandSupport and ResistanceTrend Lines

منشورات ذات صلة

إخلاء المسؤولية