Short

BTC bear/correction scenarios (short term)

Zaktualizowano

Currently looking like we are in a wave 4.
So thinking one more leg down.

Uwaga

Forgot to add this note to the chart.
If price passes 618 at 9700 by much, count is invalidated.
But watching for a spike above to raid stops, then down to wave 5.

Uwaga

Maybe like this:

Uwaga

Adjusted my first possible buy zone, 9211 - 9251

Uwaga

Better range 9185 - 9211

Uwaga

Just noticed the brand new weekly M3 pivot (purple)
9200 looking really really good now.

Uwaga

Oops typo for the number .
New Pivot is at 9215

Uwaga

At the moment of truth.
or is it Point of No Return :(
1st small limit buy triggered.
I am stacking them closer to 9200

Uwaga

Decent bounce but not very convincing... yet.....

Uwaga

Bounce looking better.
Now I need it to take the GREEN Pill.

Uwaga

Need to get past 9400 to rule out double bottom attempt

Uwaga

I am thinking double bottom around 9200

Uwaga

This still looks like a wave 4 down to me.
But from how it is behaving, I think wave 5 will NOT be much lower.

Uwaga

Looking good.
Getting past 9400 was crucial.
Now just need to hold it without dropping much below it.

Uwaga

Looks to me like correct OVA.
Back on the 10.4k Highway!!

Uwaga

These pull back scalps were part of my bigger plan:

Uwaga

Thinking we might see one more test of 9k.
If it holds, momentum might turn around.
If it breaks, look out below.

Uwaga

Approaching critical price zone

Uwaga

Looks like rejection where expected.
So maybe wave 4 is done now and wave 5 has begun.
If so, 9k will be tested and that will be the critical moment.

Uwaga

.
Micro Fib points to double bottom, so maybe we wont go as low as 9k per above:

Uwaga

Fibs still say possible double bottom above 9k.
BUT and interesting observation of this latest wave playing the .236 note.

Uwaga

So much for that micro bounce above.
Now the question real bounce or not.

I am not convinced. The lack of any speed bumps to break 9k was a bad sign

Uwaga

The green zone around 9k did pick up a bunch of my limit longs, and an now managing stops. If we get past 9060 and hold, then I will be less concerned.

Uwaga

BTC bounce at a critical juncture, and the Nikkei just took a little dip. not a good sign....

(nikkei and btc have been positively correlated tonight)

Uwaga

My Fibs are pointing to one more dip, 8850 maybe

Uwaga

Last Chance for a bounce, maybe this ABC is done, picture perfect if it happens:

Uwaga

Have found a bottom?

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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