INTRADAY 22/01/20 and global forecast BTCUSDt Binance
INTRADAY 22/01/20 and global forecast BTCUSDt Binance
Dear friends,
If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis”
How to read my analysis.
My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection.
To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish.
The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range.
In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another.
If the priority is the side scenario (gray arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario.
Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it.
Continuing intraday forecasts.
Yesterday Bitcoin continued to move sideways in accordance with the weekly scenario. A stable corridor was formed within the framework of 8500 - 8800 USD.
Trend by TF for today:
Week is Bear
Day is bull
4 hours - sideway
Forecast for today:
A breakdown by trends indicates the emerging potential. The differential arrows of Thomas DeMark also speak of an upward movement. The most likely scenario today is bullish (see green arrows)
The confirmation level for the bullish scenario is fixing above the green key level.
The confirmation level of the bearish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
today's top trading range - 9100USD
lower trading range for today –8220 USD
The weekly script for the last week was executed with high accuracy. The scenario for the new week is as follows:
Key level:
for bulls - 8850
for bears - 8450
The probability of an exit above 9550 within the current week is extremely small. Due to the prevailing bullish mood, he corrected the weekly scenario in a more positive direction. With a high degree of probability, after consolidation at the level of 8450 USD, we will see an attempt to move above 9000 USD.
The global scenario for 2020 remains unchanged.
The only change that can be assumed is that the current top has acquired a double look. The likelihood of correction of them remains crane high.
The nearest bloom for bears 7800 - 7400.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Michael Hyipov
=================================================== ======
Subscribe to my channels in telegrams, instagram and patreon! Always happy to hear your comments!
Thank you very much for your support 🙏🙏🙏
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
Dear friends,
If you are reading my forecasts for the first time, then first read the next section to understand how to work with this article. If you are already familiar with my work, feel free to skip the section “How to read my analysis”
How to read my analysis.
My analysis consists of modelling the candles of the current period on a monthly, weekly and daily TF thanks to the tools of Thomas DeMark. The projection of candles is built with an assessment of the differential directions, which give an understanding of the market mood of the candle. The projection is built on smaller Timeframes - a monthly and weekly candle on a daily TF. A daily candle at a 15-minute TF, so that you can evaluate the dynamics of prices within the projection.
To do this, thanks to all the same differential arrows, one of the three scenarios is determined to be a priority - bull/sideways/bearish.
The highest priority scenario is highlighted by bold arrows, the second-highest priority by thin arrows. The least priority is not indicated by arrows, only the direction vector is specified, which defines the boundaries of the trading range.
In the analysis, I make an assessment of the past movement. I analyze trends in the three main TFs and talk about priority scenarios, while always noting the key levels of changing market sentiment and transition from one scenario to another.
If the priority is the side scenario (gray arrows), then I do not recommend entering the market on a given day for intraday trading. If the scenario is bullish or bearish, then I suggest using opposite key levels, support and resistance levels + candlestick trading limits for targets. For the level of fixing the loss, you need to focus on the key level at which there will be a change to the opposite scenario.
Dear Friends, I remind you that in this article I express my personal view of the market, which I share with you for educational purposes. I do not guarantee profits. Only you make the final investment decision and all the risks associated with it.
Continuing intraday forecasts.
Yesterday Bitcoin continued to move sideways in accordance with the weekly scenario. A stable corridor was formed within the framework of 8500 - 8800 USD.
Trend by TF for today:
Week is Bear
Day is bull
4 hours - sideway
Forecast for today:
A breakdown by trends indicates the emerging potential. The differential arrows of Thomas DeMark also speak of an upward movement. The most likely scenario today is bullish (see green arrows)
The confirmation level for the bullish scenario is fixing above the green key level.
The confirmation level of the bearish scenario is fixing below the red key level.
Estimated limits of the trading range for today:
today's top trading range - 9100USD
lower trading range for today –8220 USD
The weekly script for the last week was executed with high accuracy. The scenario for the new week is as follows:
Key level:
for bulls - 8850
for bears - 8450
The probability of an exit above 9550 within the current week is extremely small. Due to the prevailing bullish mood, he corrected the weekly scenario in a more positive direction. With a high degree of probability, after consolidation at the level of 8450 USD, we will see an attempt to move above 9000 USD.
The global scenario for 2020 remains unchanged.
The only change that can be assumed is that the current top has acquired a double look. The likelihood of correction of them remains crane high.
The nearest bloom for bears 7800 - 7400.
The most likely goal for the end of the year is 13,000 USD.
Good luck to everyone and good profits!
Regards,
Michael Hyipov
=================================================== ======
Subscribe to my channels in telegrams, instagram and patreon! Always happy to hear your comments!
Thank you very much for your support 🙏🙏🙏
Dear Friends, I remind you that this is only my personal view of the market, which I share with you. I do not guarantee profits. Only you make the final decision and all the risks associated with it.
About Me and My life
ovalapp.bio/michael
ovalapp.bio/michael
