Bitcoin - Bottom is not in

27 sty 2023

Wrong on my last idea, but this range is an irregular ABC, so we are still in Wave 4.

Confluence of 2 fib levels potentially ending at 14.6k.

We haven't got that 5-move down, so Wave 5 is not done yet. Bottom is not in.

Could still take a few days for that deviation to play out, but now is not the time to go long.

Good luck.

27 sty 2023

Uwaga

This is the HTF chart.

29 sty 2023

Uwaga

CME gaps to be filled. I hope we don't get to 9k. Even if the analysis is wrong, price is still more likely to fill 17k first before going up.

29 sty 2023

Uwaga

Shorting here at 50% W.4 ret.
Trade invalid above 26.6k.

1 lut 2023

Uwaga

BTC correcting to previous Wave 4, Offering another chance to short.

Could chop around here for a bit but a break below (B) is a clean entry.

3 lut 2023

Zlecenie aktywne

Still in trade and still bearish.

Looking for this to play out.

6 lut 2023

Zlecenie aktywne

First part is done. This is a H4 structure, so the impact is going to be quite large if it breaks down.

9 lut 2023

Uwaga

Didn't get as high, but broke down anyway.

10 lut 2023

Uwaga

BTC is now at resistance turned support, so consider taking some profits if you are short as it can still run up once more.

15 lut 2023

Uwaga

Taking a short here.

15 lut 2023

Uwaga

Stopped out. Re-trying shorts with SL at 23600.

Hidden bearish divergence (Indicates underlying weakness. Found during retracements in a downtrend.) + Retest backside of broken trend line.

17 lut 2023

Uwaga

Seems like this played out instead. No change to this trade. Shorting.

The 3-drives that Bitcoin frequently gives was already done. This swift move up is to clear stops.

Idea will be invalidate above 26.6k.

17 lut 2023

Uwaga

If you have emotional trouble selling, try flipping charts and ask if you would have bought on this setup.

21 lut 2023

Uwaga

EQ Highs + too clean above. Could get sweep once more.

23 lut 2023

Uwaga

Pressure is on the downside, but taking a small long now hopefully to 25.7k.

2 mar 2023

Uwaga

No change in plan. Still targeting a sweep of the clean highs.

14 mar 2023

Uwaga

Didn't expect the down move to 19k, but now we finally got the sweep at 26k.

17 mar 2023

Uwaga

There is always 3 chances to sell. I believe we are in the 2nd.

Placing a tight stop loss to limit losses if wrong.