BTC Losing Strength Across Multiple Time Frames - Saturday Feb 8

8 Feb 2020

Hey guys,

I hope you are all having a great Saturday! I was looking at BTC across several different time frames last night using a four screen method and noticed that the market is losing strength up to the 2 day time frame.

Chart Time Frames:

• 1, 8, 21, 48 Hours
  

Indicators Used (top to bottom per chart):

• MACD
  
• RSI
  
• Keltner Channel
  
• Quad short-term EMA (8, 13, 21, 55)
  
• Dual long-term EMA (200, 300)
  

Indicator positions:

• RSI: Losing strength with a lower high signal line and higher high price action. This is seen across 1, 8, and 21 hour time frames. Waiting for confirmation on longer-term 21 hour time frame.
  
• Keltner Channel: Price is located at the TOP of the channel on the 1 hour time frame and ABOVE the channel on the 8, 21, and 48 hour time frames.
  
• MACD: Histogram decreasing on all time frames with signal lines above 0 (on the positive side).
  

Trade Positions:

• I am looking for potential short positions as the market pushes against the current resistance levels. Look for things like the MACD histograms ticking towards the negative side with EMA break downs on the 1 hour time frame which could cascade into the longer-term time frames. I would also like to see the 21 hour RSI confirm the lack of strength in the market with a lower high with higher high price action.
  

Happy trading!

I am a simple market analyst - not a financial analyst
fortis Fortuna adiuvat - fortune favors the brave
Learn to trade: cliftrade.com/

8 Feb 2020

Catatan

Please let me know if the four screens are confusing (with the related RSI and MACD above the related chart and title)! I could place the indicators under the charts if it would help better relate which indicator is related to which time frame.

10 Feb 2020

Catatan

1 Hour EMA Breakdown on 2-9-2020 this is the first short trigger I am looking for! Now, I am looking for an RSI lower high on the longer-term time frames like 4, 8, and 21 hour to use that as an entry point. I am also watching for MACDs to turn negative longer-term as well.

10 Feb 2020

Catatan

10 Feb 2020

Catatan

Price Action Only Charts:


RSI Only Charts:


MACD Only Charts:

18 Feb 2020

Catatan

18 Feb 2020

Catatan

18 Feb 2020

Catatan

19 Feb 2020

Catatan

Full Chart 2-19-2020


MCAD


RSI

25 Feb 2020

Catatan

Full Chat 02-25-2020


RSI 02-25-2020


MACD 02-25-2020


Price 02-25-2020

27 Feb 2020

Catatan

Full Chart 2020-02-26


RSI 2020-02-26


MACD 2020-02-26


Price 2020-02-26

28 Feb 2020

Catatan

Full Chat 2020-02-28


MACD 2020-02-28

28 Feb 2020

Catatan

RSI 2020-02-28


Price Action 2020-02-28

3 Mar 2020

Catatan

Full Chart 2020-03-03


RSI 2020-03-03

3 Mar 2020

Catatan

MACD 2020-03-03


Price 2020-03-03

7 Mar 2020

Catatan

Full Chart 2020-03-06


RSI 2020-03-06


MACD 2020-03-06


Price Only 2020-03-06

9 Mar 2020

Catatan

Full Chart 2020-03-09


RSI 2020-03-09


MACD 2020-03-09


Price Only 2020-03-09

11 Mar 2020

Catatan

Full Chart 2020-03-11


MACD 2020-03-11


RSI 2020-03-11


Price 2020-03-11

13 Mar 2020

Catatan

Full Chart 2020-03-13


MACD 2020-03-13


RSI 2020-03-13


Price Only 2020-03-13

14 Mar 2020

Catatan

Full Chart 2020-03-14


RSI 2020-03-14


MACD 2020-03-14


Price only 2020-03-14

14 Mar 2020

Catatan

Price only 2020-03-14

16 Mar 2020

Catatan

Full Chart 2020-03-16


MACD 2020-03-16


RSI 2020-03-16


Price Only 2020-03-16

16 Mar 2020

Catatan

Full Chart 2020-03-16

17 Mar 2020

Catatan

Full Chart 2020-03-17


RSI 2020-03-17


MACD 2020-03-17


Price 2020-03-17

19 Mar 2020

Catatan

Full Chart 2020-03-19


MACD 2020-03-19


RSI 2020-03-19


Price Only 2020-03-19

20 Mar 2020

Catatan

Full Chart 2020-03-20


RSI 2020-03-20


MACD 2020-03-20


Price Only 2020-03-20

21 Mar 2020

Catatan

Full Chart 2020-03-21


MACD 202-03-21


RSI 2020-03-21


Price Only 2020-03-21