@EpicDesigns Technical Analysis Report 2/21/2018
Coin/Asset:
-Bitcoin/USD:Coinbase
Current Price:
-$10,453.74
4 hr chart:
Time indicator called a reversal at the most recent green 9, sell signal confirmed as we saw a 1 to 7 (of 9 or 13) reversal countdown. What's this mean? This means we could see support on the 4 hr chart within 2 to 6 candles (likely 2) before another 1-9 green setup sequence starts. Later today could turn out to be a good entry for BTC/USD, as I'd expect a possible bounce off the 200d moving average completing the 1-9 countdown; starting a 1-9 set up.
The outlook:
In simple terms, if you're looking for a quick trade on the 4hr chart pick up some more bitcoin this evening and prepare for an upward swing in the dollar price tomorrow.
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