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INTRADAY 20/01/20 and global forecast BTCUSDt BinanceDear friends, If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis” How to read my analysis. My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection. To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish. The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range. In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another. If the priority is the side scenario (grey arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario. Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it. Continuing intraday forecasts. Yesterday, Bitcoin continued its growth attempt and broke the bar at 9000 USD. However, to gain a foothold in the achieved achievements was not a surprise! In the afternoon, we saw a strong failure, which generally corresponded to the weekly scenario. Trend by TF for today: Week is Bearish Day is bullish 4 hours - bearish Forecast for today: The most embedded is the consolidation of BTCUSD today during the day. The differential arrows of Thomas DeMark look in different directions. A breakdown by trends also indicates a multidirectional direction. The most likely scenario today is a sideways (see grey arrows) The confirmation level for the bullish scenario is fixing above the green key level. The confirmation level of the bearish scenario is fixing below the red key level. Estimated limits of the trading range for today: top trading range for today - 9150USD lower trading range for today –8200 USD The weekly script for the last week was executed with high accuracy. The scenario for the new week is as follows: Key level:  for bulls - 8850 forbears - 8450 The probability of an exit above 9550 within the current week is extremely small. With a high degree of probability, after consolidation at the level of 8450 USD, we will see a correction to 8000, where we will continue to accumulate next week with the potential for bullish momentum. The global scenario for 2020 remains unchanged. The nearest target for bears 7800 - 7400. The most likely goal for the end of the year is 13,000 USD. Good luck and good profits! Regards, Michael Hyipov =================================================== ====== Subscribe to my channels in telegrams, Instagrams and patreon! Always happy to hear your comments! Thank you very much for your support 🙏🙏🙏 Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
by Hypov
BTC (Y20.P1.E13).Bullish Ascending Patterns.ABCDEHi All, Just an observation. If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns. > They are in an upward wedge pattern and also in a channel. > I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others. > The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well. Question is, will it repeat once more to hit the 9.4K (to 9550) target? Please don't forget to give me a tick\like, as I would appreciate it. Regards, S.Sari /CryptoProspa 1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
Short
by ssari
3
Broke out of the short term downtrendLast night we broke out of the short term downtrend line and now still going up with support of the short term up trend line from decemeber 4 as talked about yesterday, will link yesterdays below. Now it gets me wondering if yesterday played any significant or we still gonna go lower. Bearish look we are still in a long term downtrend channel, yet bullish we are above the downtrend line from 14k. As of now new trading zone is 7201-7240 roughly. My goal is us to find support at 7201 which as of now we hit it 5 times with the red candle hitting 7240 than getting bounced off of 7201 as seen above. I'm still gonna long it and to determine if we are out of this mini bear market is a retest of 7562, the head of the double top that took us too 7079 before finding support at 7121 which we tested that 4 times. Than if we could break out of the downtrend channel which is getting smaller every hour, but as of writing this it sits around 7562 roughly and gets smaller every hour as we scaling up the short term uptrend line. Major resistance might be found at the hourly emas, yet there isn't much vpvr trading atm in where they sit at until the supports/resistance as I talked about above. Again good luck and hopefully 6500 was the bottom of our mini bear market adn 7079 being the final flush out.
COINBASE:BTCUSDLong
by nathanielx9
KEEP CALM AND ZOOM OUTThere isn't much to be said here given the very familiar yet healthy performance of Bitcoin price movement here recently. This also serves as proof that this bull market is totally different from the FOMO induced surge of 2017. No, currently the market is to me, much more stable, more reliable and truly holding up to bitcoins ultimate use case. For the most part we find alot of our support around the 11.1k area though it did quickly correct slightly lower and this is fine given the amount of increased momentum that brought us to our more recent surge allowing us to test as high as 13.2k. I've jokingly began to refer to them as "bull breaks" lol this activity seems to mirror last weeks movements very well and really flexes bitcoin's reliability as a worthy store of value. My advice to those fairly new to this aspect of the cryptospace is to relax and enjoy the ride. Take this time to educate yourselves on the basics of chart analysis, and the history of bitcoin's unique volatility, and ZOOM OUT. Notice that even though a lot of press from FUD to speculations about future movements is done on the small movements, its all smoke and mirrors to a point. Bitcoin's movement is definitely within and along the parabolic trend as it takes its graceful climb towards all new highs within the coming months. its often said to "buy the rumor and sell the news" and at this time i cant think of anything greater to keep in mind. Keep Hodling and happy trading once again :-)
BITSTAMP:BTCUSD
by abarnes90