New frame I wanna follow Bitcoin on.
Redistribution-like outlook. I've been talking about such correction since the last impulse down. There is a good chance that the correction is done.
What I couldn't foresee was this mini altcoin rally. And such change of sentiment.
Invalidating rising wedge is relatively easy but making a new high above 18.400 is unlikely.
Redistribution-like outlook. I've been talking about such correction since the last impulse down. There is a good chance that the correction is done.
What I couldn't foresee was this mini altcoin rally. And such change of sentiment.
Invalidating rising wedge is relatively easy but making a new high above 18.400 is unlikely.
Komentarz:
And there is this curve.
Komentarz:
We'll see.
Komentarz:
BTC.D close to support.
Komentarz:
The crazy part is you can argue this is a bear flag :D Do I believe it? No.
Komentarz:
I think bullish BTC.D is more likely mid-term but even bearish BTC.D doesn't mean alt rally necessarily. 2022 June for example.
Komentarz:
Bearish BTC.D during a dump means big guys are selling. Big guys are more interested with BTC. Alts are for retail. Free leverage.
Komentarz:
It would be interesting if this becomes a bear flag later. That might lead us to 14500. Which is an important level imo.
Komentarz:
Visiting 14.500 and then coming back to the range would be a turning point for me. But it's just fantasy at this point.
Komentarz:
My ultra simple TA for mini :D Will Powell save the bulls?
Komentarz:
Tested and jebaited?
Komentarz:
Nice. Might be a breakout.
Komentarz:
Interesting bounce.
Komentarz:
Longs coming more and more :)
Komentarz:
Do they have the juice to maintain a parabolic trend?
Komentarz:
Friendly reminder: Bitcoin is slightly below the selling climax of 30k breakdown atm. There is nothing to be bullish in the big picture right now.
Komentarz:
I think it wants to go a bit higher. 17.600 will be hard to breach. Stop hunt above? Sure. But I'm not expecting to hold above.
Komentarz:
It's trying to get this. I'm looking for 18.1k if it can.
Komentarz:
If it's a test to be failed, GG.
Komentarz:
Zoomed in. Looks good actually.
Komentarz:
I'm shorting 18.1k a lil bit if it comes.
Komentarz:
This red one is a bearish pattern though.
Komentarz:
I'm using my vote for "GG" :D But we'll see. A lil early to talk.
Komentarz:
Let's just give up bulls. Clearly we're having some problems here :D
Komentarz:
Ok we say hello to the falling wedge. Very cool.