SF BTC LOOKING FOR A BOTTOM FOR WAVE 4 (6650-6500)

On it's way to C(6650). This support might hold, in which case we might have a breakout on D. That will start the wave 5.
Other potential supports for BTC are 6500 and 6430.

If it doesn't hold above these supports tomorrow, by extension this will lead up to 5950. However by the current structure. This is highly unlikely.

It's quite an obvious analysis at this point, it's just a short update. The long time frame analysis is in the Related ideas.

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It seems that the summer will be extremely volatile for all markets. There will be plenty of detailed analysis following up.>>

Yorum:

Currently very low volume, which might be an indicator for a potential downside to (C):6500-6650.

İşlem elle kapatılmış:

WAVE 3 is still alive. Bullish breakout on the symmetrical triangle from the update above means targets of 8000/8450 are still in play.
It's as bullish as it gets. Good job bitcoin, squeezing in all the shorts.