The 1 means BTC has 50 minutes to get out of this spot
Komen
⋅
or the 4 hour candle can start dropping reversal candles . The candles look green which is a good sign but the "1" is marked in red indicating a potential fall .
Komen
⋅
Climb up man !
Komen
⋅
BTC has made a make-shift double bottom at 8963 , its offers a temporary solution if BTC can move to 9186 . Move up man .
Komen
⋅
30 mins till the next 4 hour candle . This will let u s know the direction . if its a lower candle then 8963 will be retested ...mmmh. If its a higher place candle then yippie-yi-yay BTC moves higher .
Komen
⋅
The ideal situation will be for the candle coming in 24 minutes to move BTC to 9100. this will put BTC back inside the bear flag
Komen
⋅
here comes the next 4 hour candle
Komen
⋅
Tis latest 4 hour candle is outside the bear flag - which is not a good sign , It has to get above 9125
Komen
⋅
Trend change incoming
Komen
⋅
8963 being retested
Komen
⋅
falling from 8963 drops to 8400
Komen
⋅
id be careful here are there a stacked dojis in the area . This usually amplifies the movement .
Komen
⋅
A triple doji spinning top showdown coming up
Komen
⋅
A triple doji spinning top showdown is usually a set of big candles which move down suddenly very fast or of big candles up which move unexpectedly upwards very fast . This has been my observation .
Komen
⋅
What confusing is this is Bullish divergence which says the bull is going up . I need to double check this statement as its challenging to accept in the current market situation
Komen
⋅
But this graph ...Keeps popping up
Komen
⋅
I don't believe we have seen the full doji effect yet and I don't think BTC is done dropping yet and may drop more.
Komen
⋅
But BTC is very clever and we have to be on the lookout for bear traps ( where the price appears to be falling and suddenly reverses up very quickly )
Komen
⋅
Or bull traps where the price appear to be going back up and suddenly turns downwards
Komen
⋅
in 35 minutes the 4 hour candle will drop another candle .These 4 hour candles usually bring about changes are they will either move BTC up or down significantly .
Komen
⋅
incoming trend change
Komen
⋅
this trend change could be related to the 4 candle showing up in 8 minutes
Komen
⋅
times up , where are we going ?
Komen
⋅
This candle appears to have a possible drop to 8400
Komen
⋅
if this touches 8400 the next candle om 3 hours time has a possible drop to 8000
Komen
⋅
use a stop loss for the next to weeks of at least $500
Komen
⋅
: use a stop loss for the next two weeks of at least $500
Komen
⋅
yay! now this mystery is resolved . BTC intentionally left out the 89xx and 87xx drops on Feb 14 but as we can see its come back and completed them .
Komen
⋅
that one bugged me for a while ..now i can get a good night's sleep
Komen
⋅
Theres also these two drops were also skipped on Feb 6th 6179 and 4179. BTC did something strange and ignored them which was very off. But Im very very sure BTC took note of them and will cover them later , because BTC does not forget.
Komen
⋅
The current upward move may be a bull trap - To be legit BTC would have to cross 8800
Komen
⋅
based on the current BTC trend line - looks like 7800 is the touchdown point. But this may be in a few days time .
Komen
⋅
I may be wrong here but this current climb move is interesting . The 6 on the means there's still possibly 2 more days of correction.
Komen
⋅
The bear flag has a drop to 7800 not 8400. So this move is not completed yet . will it complete later today or tomorrow or next week is the question ? Im not sure but im sure this movement is not completed as yet as it stops at 7800.
Komen
⋅
>>>>Question by user Wuntang Elton Swift answered further below.
"Mycotoxin you lie me ... if this is move is not completed to 7800 then why is BTC going up mycotoxin , why you tell me 7800 blah blah blah ... you lie me longtime." =--
Great question Wuntang Elton Swift : with two possibilities
a) if you look at the graph below and see the current location of BTC it can move to the right and touch the wall at around 10k and bounce back down to 7800. b) BTC can switch course later today or tomorrow and come back down tp 7800
to be legit passing 8800 will be a plus.
Komen
⋅
The 4 hour candle will be back in town in 8 minutes to drop another cande , we will get his feedback at this time on whether BTC is going down or up today.
Komen
⋅
Th 4 hour says up ...I ll go in soon after I watch it while longer ...i know there's a 7800 drop to come but ill just aim to exit on time
@mycotoxin, lol maybe if you try even harder next i might laugh with your impeccable sarcasm... yes the level is there but according to my view i dont expect the price to begin the upside from that level - purely on a speculative level and also by the measurement of wave i which i expect to be close to equal to wave v
mycotoxin
⋅
@SN_Doumet, Yes it could go lower but what has triggered a red flag for me is the missing drop to 7800. - im very sure thats an uncompleted move to 7800 . Its disappeared into thin air .
Aqua_Trader
⋅
@mycotoxin, fair enough, i will agree with you on that one
nixel
⋅
When playing in lower time frames it is good to follow ideas from the big one. I was mention that daily M pattern is formed and should complete its target at 7150 which is fibo 0.786. This will be a key point to reversal.
mycotoxin
⋅
@nixel, Cheers i think if it stops bounces there its a temp bounce and , its still going to go lower later
asdfghghj
⋅
My friend it was not a bullish divergence. It was a hidden bearish divergence.
Price lower high + Stochastic higher = hidden bearish divergence
mycotoxin
⋅
@asdfghghj, Cheers ,yes the trend shows its going down but coming back up , so im wondering is it bouncing at 7800 ?
thanks for all the updates