We're at the bottom of the grey down-sloping Fib Channel, resting on Phi 144. A bullish candlestick here is likely a high probability trade.
Not
Simple View:
Not
If we look at nothing but EMA 144, we can observe that price maintaining > EMA 144 is a bullish trend. Ergo, support here would be a continuation...
Not
Note that none of the Daily candles > EMA 144 are Doji. This looks like consolidation.
Not
Not
Next 1H candle can be 9-13 combo. Phi MAs golden crossed & crossing.
Not
BTC 1H:
- Black Box: 9-13 Combo dead & golden crossed Phi MAs. - Descending Parallel Channel: Bull Flag (consolidation). - MA 144 (yellow): Core underlying demand.
- Current low period dead crosses cause minor panics which are absorbed at/under 144 (hidden demand).
- DeMark 9-13 Combo is bullish. Fisher/Smooth at -0.85 & -1.25 deviation respectively.
TL;dr; No Supply = High Demand.
Not
Why I'm bullish:
31D: 1M: 1W: 1W: 1D: 1D:
Not
m288 wedge break:
Not
Buy Opportunity:
Not
First Test:
Not
I want to suggest that the next Weekly candle takes us to 11,250 S13 / 12,505 area.
We have PB&J support on the Weekly, off of Bull Sash & Hammer, and rising window support. On Daily we have the workings of a PB&J Golden Cross. m15 shows strong demand in the center of the rising window. The Daily chart is scheduled for a 13 tomorrow, this would be under PB&J panic line (long lower shadow). We can see PB&J demand (yellow MA). I posit that Operators are prepared to push the market into the Daily S13 panic zone where they will absorb supply and push the market into Weekly S13 / Bear Sash territory.
Not
Recap and update, Daily chart. Price broke above PB&J with a 42% move and Golden Crossed. We just tested and closed below PB&J. PB&J is the sweetspot buy zone between SMMA 10 and EMA 30. Today's candle looks perfect to develop into a Morning Star on the next candle. Right now we have a Doji, that means the down move is neutral.
Buying in the sweetspot means buying between 8900-8950. The Morning Star (or Piercing Pattern) is active when price is mid way into the tall black real body at 8,988.335.
It's a matter of the rising window turning into support. If that happens 9K is on lock.
Not
Not
Let's just consider this a 9-13 Combo with a target of 10,450, shall we?
Not
1W | 1D (futures) | 15m (futures) | 1D
Weekly: - TD Sequential 4/9 bullish trend. - Broke out of MA resistance. - Bullish Engulfing Pattern above Bull Sash support. - Following candles not bearish reversal candles. - Previous candle can be read as a successful test of MA support*
* MAs are SMMA 10 & EMA 30 from Steve Nison's PB&J Strategy. The goal is to buy between the sweetspot between MAs in an uptrend. The trend is up since the Bullish Engulfing Pattern.
Daily Futures: - PB&J Golden Cross in rising window.
15 Minute Futures: - Previously, we had a rising window ("gap up") which failed to act as support. - We have a new rising window which is above the previous one's high. We could carefully view this as the previous window having turned into support. - The window (9080-8895) is a support zone. - 8895 should act as strong support. Failure should be viewed gravely.
Daily: - Morning Star breakout above PB&J. - Morning Star sets a horizontal support line at 8661. - 9199.37 = TD Sequential bullish price flip.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.