BTC (Prj.2019.P05.E02).MyPlan

As outlined in the chart, I'm looking at two targets. Each target has it merit.
One can make arguments at many levels. I for one like confluence to be present. Fib levels, SMA\EMA agreeing, previous support and resistance lines and an element of bullishness or bearishness opinion.
I also listen to other experts and take their comments into consideration.

I have heard two prices that I like.
Targets are 5800 and 6800 as the least risky but also acceptable to not miss out.

Depending on the Exchange:
> Price Ranging from > 6500 to 6800
> Price Ranging from > 5450 to 5800

Obviously with some allocated $$ for the in between levels if the opportunities are there.

Regards,
S.Sari


Close up snapshots of the indicators on this chart.
If required, I will look at other momentum indicators to look for bullish divergences or strength in the signal.

RSI

Accumulation\Distribution

Daily chart

Key levels on the 4 HRLY chart

تعليق:

You know what this is? Its the 200 MA on the Daily hitting the current price. The days not over but I am confident that the bear trend has started, considering how I presented the upward channel and now the downward channel. The pitchfork is good to identify and confirm trend change

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My explanation

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How are we tracking. Still waiting for the drop...which will take time.
My plan hasn't changed, yet

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Close up on some key fib.levels. The ema ribbon sometimes comes handy.