Decision on the the Bitcoin move comming soon!

Apr 5, 2020

The 1h graph is showing some potential downtrend:
- bearish convergence on indicators is forming
- nearly no space in triangle left
- the daily graph can close bearish today at 0:00 UTC also

Let's wait a bit more and we can sell also on the breakdown.

Apr 5, 2020

Note

Checking some shorter timeframes. For now, 15min is still not bearish. Waiting for confirmation in one or another direction.

Apr 5, 2020

Note

Seems whales are playing fast! Perpetual contract price fromBinance with a rarely seen gap on TW. Probably due to slower refresh of data.

Apr 5, 2020

Note

The decision still not clear due to the 4h bullish cross that was made. Movement should start today (UTC time)
Watching closely!

Apr 5, 2020

Note

Seems like we are nearly ready to go down! 15min has bearish crosses with convergence:

Apr 5, 2020

Note

Here we go also on 1h!

Apr 5, 2020

Note

Seems like 4h can still close on bullish converge and a larger time frame will define where the next big movement will go. Both options are still possible.

Apr 5, 2020

Note

The daily timeframe is in possible bearish divergence and if it stays like that at candle close 0:00 UTC it could mean more downside potential.

However, before daily closes, we will still have 2 more candle closes on 4h. If 1h won't give enough info, 4h close together with a daily close in a few hours should give us final confirmation.

Apr 6, 2020

Note

As explained above larger 4h time frame defined the move while I was sleeping.

This shows how important it is to wait for final confirmation and alignment of signals on many timeframes.