this is a Quick BTCUSDT Analysis on 1 Hour Chart
by the Wave shown (Black and Red Arrows)
you see that SL1 level Calculated by SHIBO is a very strong. price touched it three times
and first Correction impulse broke SL3 too.
so our preferred Target is CTP3(52012)
all Calculated Levels Are shown in the Statics Panel yellow box
ALERT: Trade on Your Risk and analysis. use this prediction along your trade plan and Analyzes.
What is SHIBO?
I’m researching a method I have named SHIBO.
SHIBO sets the price of the next Target(Take Profit ,TP) based on the price movement of power and its correction.
I am examining this method and determining its rules. To date, this method has been very accurate.
Take a look at previous ideas to see how successful they have been.
THINK Simple is my approach. there are no more lines and too many shapes on chart. its simple to understand. if you are looking for complicated analysis so community is full of them. I respect them all.
now go to chart
I calculate Stop Loss(Warning, SL) and Take Profit(TP1,TP2,TP3, CTP ) points based on :
2-price start, high and retracement
3-i don’t look for S & R lines(but if you found border line and price are according to them it is a very good Sign)
using Warning, SL1 ,SL2,SL3: if price bounce from border line(SL) it could take TARGET but if price break border line and close on it so prediction may fail and stop Reach.
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