The guild pattern on 4h timeframe has just broken down, now we are going for the 50m test.
Let’s start immediately with the graph in image 1 :
Image 1: tradingview – btc / usd – 2018-07-04 – 4h timeframe – broken downside guide
We can see how the pattern of the guide (in dark green) has been broken down, with low volumes and the ADX that signals a very weak trend.
At this moment we are going for the resistance test dictated by the amg50, under which it might be appropriate to fix the appropriate stop loss.
In image 2, instead, we highlight the previous inversion of short-term trends in April 2018:
Image 2: tradingview – btc / usd – timeframe 4h – previous trend inversion
It can be seen that the previous trend inversion occurred much more clearly (phases highlighted in red), and that therefore the current one could only be a lateralization phase.
Still in image 2 we can see in purple the pattern of the triangle in the long run which has been broken down but has not subsequently been again broken upwards, thus indicating a possible recovery.
Ultimately the current situation is to be monitored, monitoring the indicated signals and paying attention to a possible lateral phase that could resume its race to the bottom.
The #BTC has risen in price in recent days, with a significant price increase in the last 4h, which is a sign of recovery?
Let’s start immediately from the price chart in image 1:
Image 1: tradingview – btc / usd – timeframe 1h – 2018-07-02
What can be seen is:
- A double bottom on the price chart, followed by the breaking up of a triangle, both bullish signs;
- The overwhelming RSI, due to the last climb;
- The ADX which still marks a weak trend;
Given these factors, an example of trading for those who are out of the market, is to stay out waiting for a probable downward correction of prices.Then decide an entry with the appropriate stop loss.
For those who are in the market, it may instead be good to stay flat, also with the appropriate stop loss, waiting to understand if the climb continues.
We at Cryptograph Team are currently in the recato and remain flat.
The #BTC has been undergoing lateralization for days, while the #crypto market is dominated by #altcoin, like the # EOS whose price chart seems to indicate an uptrend in the short term.
Let’s start immediately with image 1 containing the price chart:
Image 1: tradingview – 2018-08-06 – timeframe 4h – eos / btc
We can see how:
- The price chart remains above the EMA 50 (blue line);
- The RSI has a bullish trend in accordance with prices;
- The ADX seems almost to suggest a phase of lateralization, so care must be taken;
Ultimately there seems to be an upward trend in the short term.
A possible example of trading is to enter long, by closing the stop stop the EMA 50 with little stop. A possible gain could be around + 10% of the current price.