[Red Apple] "Following repeated pattern "_BTC/USD_18.08.14

hope you guys trade safely. keep telling you trade when it is over $6628(previous high level). at the moment, the candle is staying under 20EMA on 4H chart again.
it is following repeated pattern, after all.

Let's analysis BTC~

If you are busy, you can just read below briefly
'A. Briefing '
'D. Rebound points'
'E. Summary and Strategy'
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A. Briefing
. staying under 20EMA on 4H

B. Daily chart

a. Candle
Dark Cloud

b. EMA
all EMAs are heading down and in reverse order

c. Sum.
Dark Could + EMA status -> possibility for additional drop

C. 4H Chart

a. EMA
staying under 20EMA

b. Candle
Shooting star + Evening star -> Forming 'Bearish Engulfing Candle'

c. Pattern

breakout down-ward on Wedge or Channel

d. Elliott Wave

if it falls down under $5755, Elliott waves will be failed.

e. Sum.
If the candle is closed like now, there'll be more drop

D. Rebound points

above trend lines and previous low level(blue lines) + 20SMA on monthly chart(about $5780)

E. Strategy and Summary
After all, BTC is following repeated pattern that i introduced before.
a. About previous briefing : For aggressive trader, i recommend that take 1~2% profit at $6500 when BTC is over 20EMA on 4H and then kept, commenting check and trade when candles are over $6628.
b. About this briefing :
b.1 For aggressive trader :
b.1.1 trade from rebound points

b.2 For conservative trader :
b.2.1 check Buy signal from rebound points(pattern or candle)
b.2.2 Buy BTC after confirming buy signal over 20EMA on 4H

-> range of rebound points is between $5300 ~ $5800. always keep your stop-loss.

Trade Safely~~

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Also, if found something special, i will comment in real time.

코멘트:

supported from first trend line but the momentum of rebound is quite weak.
Let see more.

코멘트:

For your reference. check ranges of accumulated volume

코멘트:

There's Bullish Divergence on CCI but other indicators are still no good signal.

Check whether a candle on 4H is staying over trend-line.

코멘트:

staying over trend-line but 0.886 is working as resistance line.

modify long-term trend line as re line. i guess it is importance of support it because there are 5 points of contact. if it falls down again to this line, aggressive trader can buy BTC with short stop-loss.
For conservative traders, trade safely. Even though BTC goes up, there are many resistances and still cheap. Therefore, wait BUY signal.

코멘트:

're line' -> 'red line'

코멘트:

forming 'Flag pattern'. focus on the direction of breakout.

if BTC falls down under $5300~$5400, should be careful. it's not a good for trade.

코멘트:

1H

there was throw back from Flag and re-entering. at the moment, the value of 20EMA on 4H is almost same as the point of up-ward breakout point. Therefore, EMA trading is better than Flag pattern trading. Try to find out BUY signal when it is staying over 20EMA on 4H.
Also, should be careful with fake. candle is re-entering into flag.Howbeit, it can be dropped again.
4H

it is going to 20EMA again. these are like magnet. Check that 20EMA on 4H is worked as resistance or support line. if it becomes support line, find out BUY signal(candle or pattern).
1D

If it is closed like now, it can be 'Hammer' which means bullish at the bottom. Next idea will be explained this candle with descending trend-line.

Thanks. this is the end of my idea.
Trade safely with your standards.

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