Disappointing news for Bitcoin
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In the last idea, we looked at a diagonal triangle that turned into a wedge with an exit down. All this time, we've been watching things go away. But now it has been broken down and I can say that we are going to update the lows. For those who came in the breakdown I provided in the zone on our way. All this upward movement of the snot was likely a corrective phase. Calculated for you to approximate the price movement. We are into the downstream channel, it is also possible to work on alternatives in the future
About the cancellation of the scenario with inverted heads and shoulders, I do not think you need to talk
Uwaga
and then the most important thing to say that bitcoin can drag everyone to the bottom. This means all of our recent setups to long with bullish formations may not workUwaga
I'm a little, uh, forgot something down the channel. It was too impulsive. This option is much better. And so we found support at the level of 100% and the border of the downward movement. Do not exclude a small rebound up and continuation of the momentum, I will look for setbacks to set position
Unfortunately tradingview does not allow to change the live chart...
Uwaga
completed minute momentum, now goes wave of 4
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The old version of the wave is in force, the standard target for 3 waves in a live graph. This should be seen as an alternativeUwaga
most likely wave 5 will be there
Uwaga
all according to the plan, we slide on the channel on the live chart. 4 little wave over it yesterday, I even worked . Consumer square looks like this. From there, or even sooner, we will begin rebounding in 4 waves will reach the boundaries of the channel are more likely
Uwaga
updated levels and waves, you will be able to re-enter the short at point 4
Uwaga
with high probability we formed a diagonal triangle to complete with correction. Not important for a wave or border, but it is the level to which it potentially leads us. Noted the area where you want to go in there again in short, even the price maybe a little higher to go, and likely to breach the channel, everything is fine. Then I'll rebuild your channel, and then we'll be thinking about longs in the short term.
Uwaga
that's my plan for today and tomorrow with you
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