In this video I use indicators to do what they do best - indicate. They don't predict, not do they tell us what to do.
Technical analysis is about finding confluence, and heaping confluences together to increase the odds of a particular price action happening.
Here I use three indicators - Market Cipher A (Cryptoface - Paid), Bad Ass Bollinger Bands and Phoenix...
We are at a third touch of the ascending channel and the price is getting there correctively, which is giving me an indication that we have a reversal on hand.
BTC/USDT DOWN TREND.
look at fib 0.618.
but wait for break the white line trend to say 99% we come down down down.
the price between 40 to 45 doesn't have good resistance .
Looking at a race beginning between the White Energy in the 90 minute and the Red RSI in the 3H.
What does that mean for the indicated price action?
Of course, nothing is guaranteed. Except that this is not Advice, merely educational study.
Even as I type this the price action has shot up to $47,200
Doesn't mean we shouldn't keep watching closely!
Hello Everyone,
Thought I'd give an update on BTCUSD , as after its return from the correction it is now showing more bullish signs.
Please do keep in mind it does not necessarily have to wind up going the same way as pointed out in the chart. The blue LSMA and red RSI do have to cross and close above 50, before these signs are valid. We could end up seeing the...
