Bitcoin market is in the "decision zone", fib clusters + ABCD

5 Ağu 2019

I am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates.

Most of those Fibonacci price projections are from the previous TA I published last week (tradingview.com/chart/XBTUSD/mNCTsCCE-Few-interesting-intraday-levels-for-Bitcoin/).
Those are still important and have a major role on this giving hints.

We are at the zone one right now. Kinda obvious what needs to happen, for zone 2 to be even relevant.
Daily chart also has a large and old ABCD pattern that is still valid.

6 Ağu 2019

Not

Bright green is new Fibonacci price projection based on the run we just had. As you can see, it beefs up the previously plotted cluster forming the bottom edge for the "decision zone 2".

7 Ağu 2019

Not

So, first attempt failed. Some say, that this only add strength to the second attempt to climb ans stay above z #1

I updated the fib and added SMA that shows 50/200 golden cross on 4 h chart



PS! For plotting multiple SMA and EMA (with different time resolutions) I use