Bitcoin / TetherUS
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BTC Project 2019, Phase 02, Edition 03 - Monday to drop

ที่อัปเดต:
On 4 Hrly > 8100 strong resistance, now 8000. Observing Higher Lows. 8 and 21 EMA cross over with EMA's now acting resistances, decline in volume and on specific bearish candles volumes are higher than bull candles volumes.
RSI finds resistance around the 53%. Fib 0.382 was the bounce area and looks like to return.

On Daily Chart > RSI heading downwards and on ADX \DI favouring a bearish trend.

On the Weekly Chart > 10 EMA looking like the next stop for the bounce, around 7200.
And the 21 EMA is in the strong support channel indicating that 0.618 or 0.786 retracement is also in the scope.
Indicators on the weekly also changing direction.

Conclusion:
Overall we are still in a bull trend and the question is where is the entrance to go back in.
I have indicated 2 green zones. I favor the 7200 range at this point for a position short and if the candles and volume give more of an indicator, then I would go long.
We just have to wait and see. For now, I don't see the price going higher the 8100 for this weekend. We will probably get a double tap on 8100.


30 Min Chart > descending wedge with BB mean as resistance.
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4 HRLY Chart:
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Daily Chart:
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Weekly Chart:
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การซื้อขายยังคงดำเนินอยู่
Another perspective, 11 hrs later. Supporting bearish conclusion.
สแนปชอต
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Watching the volume on the 4 hrly as well as looking for a good sign, if the closing of the next 4 hourly candle above the 8000 mark and\or the 50 and 100 EMA. Note how the 200 EMA acted as support.
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Applying the Wyckoff phases to the current BTC scenario
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บันทึก
correction to the above chart (shame I can't delete it). Wyckoff Phase C indicates that the LPSY - last point of supply, cannot pass the upthrust high (top). If I got it right, we will have a few attempts to pass the resistance lines and it will create some sort of bearish pattern. Eventually breaking down the major support line. The question is like all lines, you really don't know where you are in the pattern until you get confirmation which is usually too late. Lets see how if this pattern using Wyckoff comes true. For now, it makes sense that after a accumulation and markup phase (clear to us it happened) that the distribution phase takes time in a bull trend.
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บันทึก
Some addition lines
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