[Red Apple] "Higher High?? "_ BTC/USD _ 18.07.30

there was breakout upward from triangle pattern in last briefing but it still move sideways.
Let's start the analysis for BTC/USD chart.

If you are busy, you can just read below briefly
'1. Briefing '
'5. Summary and Strategy'
before read, click '+Thumb up, +Follow' :-)

1. Briefing
# Sideways Movement
# Golden cross ( 20EMA and 100EMA ) on Daily Chart ??
# Supported 20EMA on 4H Chart ??

2. Weekly Chart

1) Trend
Supported by Trend Line

2) Candle
Opening Marubozu

3) EMA
a. Candle was closed above 20EMA(red)
b. Candles haven't been over 20EMA more than 2 candles from Jan. 2018.
c. Blocked by SMA50(Purple dot)

3. Daily Chart

1) Trend
Supported by Trend Line

2) Candle
Doji

3) Volume
getting lower and lower -> soon, will increase.

4) EMA
a. 20EMA(red) crossed over 100EMA(orange)

4. 4H Chart

1) Trend
Same as daily

2) Volume
getting lower and lower -> soon, will increase.

3) EMA
Check whether it is supported by 20EMA or not

4) Pattern

it can be recognized symmetrical pattern as i explained or flag pattern and rectangle pattern.

5) Elliott Waves

Fifth wave can be truncated.

6) Fibonacci

resisted at 0.786


5. Strategy and Summary

a. About previous briefing : There was breakout of the triangle pattern. at the moment, upper side of the pattern is being retested or just up and down in the box. if somebody bought BTC/USD, do not sell in panic before breakout of trend line.
b. About this briefing : Same as previous briefing
For Aggressive trader : trade when symmetrical triangle is broken. -> can buy now ($8070 ~ $8130) -> set stop-loss below trend-line(2~3% lower than entry price)
For Conservative trader : trade when the price mark higher than previous.

Do not afraid of Stop-Loss. if you lose money~ then, prepare new game~. In my case, i bought when BTC retest a trend line after breakout of the line again.(about $8100) and got profit from some alts coin and now, if BTC is going down under trend line again, i'll also sell BTC and try to prepare another game.

Trade safely and make your standards

If you think my idea is helpful for you, Click '+Thumb up, +Follow'

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

코멘트:

4H Candle was closed. After going down, it moved up. if you bought BTC as soon as i upload, you may set targets and stop-loss like above chart. 1st target was upper side of the box and 2nd target is previous high level.
1st target was completed and then, its price went down. it means there's many traders who have same idea with me. So, even the price increase it can be resisted around $8500 by the traders. That's the reason why Conservative trader should better trade when it's going up over previous high one.
Then, let see more~

코멘트:

Nothing special.. it moves sideways in the box after breakout of the triangle.
but ,, one thing should be careful.

At the moment, candle is under 20EMA on 4H Chart. if it is closed under 20EMA, the price can be dropped additionally. Hope it goes up over 20EMA.

Today's briefing is till here and if someone bought BTC as per my strategy and took some profits, you 'd better to sell your BTC at your Entry price and then look for another entry place.
and also for your reference, BTC Dominance is over 47.6% which is the almost highest level in this year. Check this out always if you trade BTC.

Then, Thanks.
if you think you get help from my briefing, click +Agree and +Follow. :)