1W (Indicators): -OBV flipped to sell side majority. -Bearish TK cross -Lagging span almost below price -The most interesting bit though is the upcoming bearish Kumo twist (last appeared in 2015)pic.twitter.com/3tEUlK33kL
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$BTC Top-Down Analysis (06/13/2018)
1W (PA):
Broke a key level (halfway into the weekly close), forming our first lower low since the bull run. We now most likely visit the red demand zone. If we get there wicking below said zone to run the stops would be quite possible.pic.twitter.com/TC9hICjmN1
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1D (PA): Rejection from the daily OB equi resulted in a strong selloff. Found some short term support in the demand zone, but failed to sustain and broke through it. Bullish hopium would be a daily close above the red dashed line to confirm an SFP (unlikely imo).pic.twitter.com/wjL7UCItLo
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1D (Indicators): -Combo of oversold RSI and price outside the BBands. (Historical confluence for some short term relief.) -OBV sell side majority. No divs to be found, price could easily stay oversold for longer periods, and ride the BBands down.pic.twitter.com/b3m8ZDQgME
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4h: Currently seeing a mechanical selloff with no stop in sight. The last long wicked hammer, coupled with a doji/hammer on this candle could set the stage for a transient rally. But as seen a few bars prior, it could also turn out to be another bear flag.pic.twitter.com/m2XQf4FtLR
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1h: Currently consolidating before expanding. Marked out how the previous consolidations played out. The trend is your friend until it ends.pic.twitter.com/8bA2OFIzQ0
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Update 2: Paradigm shift. Expanded upwards. Stopped by the zone equilibrium. Looks like we might ladder or way up to fill all the voids up top. A break of this zone, with a confirmed retest, and I think we can target 7-7.1kpic.twitter.com/jbxYw2Hzkk
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End of conversation
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Beautiful chart and very sensible
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