BTC Daily Report 11/02/19

Educational purposes only.

Indicators on chart:
BB 100 Day 1.15, 0.55, 0.1 Stdevs (Blue)
BB 200 Day 1.15, 0.55, 0.1 Stdevs (Orange)
BB 100 Week 1.15, 0.55, 0.1 Stdevs (Purple)

Daily BTC Analysis/Report

Date/Time: Sat Nov 2, 2019; 8am
Balance/UPNL: -0.4% (+13% Unrealised)
Open Positions: XBTH20 Long @ 9410 (Margin: 8% of Balance, Risk 5%)

WEEK
S. Range: 8350 – 10900 / 9650
M. Range: 4200 – 11250 / 7750
CCI: Positive with Roll Up
WAVEPM: 0.576
Upper: 11250
Lower: 8350
Trend: Neutral
Active MR: None

DAY
S. Range: 7925 – 9575 / 8750
M. Range: 8300 – 10900 / 9600
CCI: Neutral
WAVEPM: 0.667
Upper: 9600
Lower: 8750
Trend: Neutral
Active MR: Down: 14 period, target 8750, upper band 9575

4H
S. Range: 9115 – 9280 / 9200
M. Range: 7750 – 9400 / 8575
CCI: Positive
WAVEPM: 0.696
Upper: 9575
Lower: 8575
Trend: Up on 200 period upper band 9050
Active MR: Down: 100 period, target 8575, upper band 9400

BUYS
9050; 8550;

SELLS
9575; 11250;

>>> NOTES

Strategy
Compression/Range

Mean Reversion
4H 100 period MR (8575) likely lateral MR as the 4H 200 period up-trend holds it up

Fundamental Analysis
Some positive interest but is it enough to support this price level?
Halving coming up
Major resistance from regulators
Overall neutral

Technical Analysis
Key Levels: 200 D MA (9050); 100 W MA (9575)
Forming Bullish Shelf or Bearish Bart with wedge between key levels
Converging support: 200 D MA and 4H 200 period up-trend (wave-pm: 0.646)

Take Profit
Upside: 9573

New Executions
None