Güncellendi

Volume makes it tricky. Watch out for a possible dump.

We have declining volume and some bearish hints.

Unless volume picks up + Bitcoin manages to breakout/reject the wedge the odds for a sensible correction will grow, day by day.

Keep an eye on support, don't take more risk on a confirmed breadown.
Be vigilant in case of price moving down to the 50-55k danger zone.
Have a SL.

Not

Straight down into the danger zone.
We just saw a > 10.000$ swing down to 51.000$, all this within about 24hrs.

Now bouncing.
Watch out, that's hardly over.

Not

Awaiting breakout of the 1H triangle.

Bounce or slump.

Not

Usual futures expiration volatility.
Let's wait and see the dust settle.

Not

Nothing new so far.

Bears keep in control under 57k.

Not

Danger zone pierced, we're in troublesome waters.

That said 1H hints a bounce looming.

Be aware of risks: that's like catching a fallling knife.
No warranty.

Not

The whole picture, as per opening post:

Today close matters.

Not

Bouncing.
look at close tonight.

IF it can manage to place a close over 50k and paint a hammer may bounce further.

Not

Meanwhile on TF 1H:

Playing nice, let's see how far it can keep with the arrow.
If it manages to touch resistance it may try to confirm that falling wedge, eventually.

Not

As usual, be careful.
Here you're playing with fire.

Not

Bit late, but bounce ongoing after TD count=9.

Fair enough.

Not

Testing top of danger zone.

Not

Still not out of the woods, so far.

Not

Vertex of rising wedge.
Watch it, as if the pattern gets confirmed a dip towards 51k area may happen.

Not

Here we go.

Let's see, i would welcome an inverted H&S.
Soon to say.

Not

Looks a inverted H&S indeed.

Small right shoulder ( did not pierce 52k), but at neckline already:

We'll see.
Hopefully it will achieve a pullback to previous support, now resistance.

Not

Have a trailing stop.

Not

Pullback ongoing, close to 60k mark but failing to nail the critical 62k area.

All we have is some uninteresting price action on low volume.

We have a rising wedge, so watch out.

For now we have to wait for some volume to kick in in order to make any meaningful evaluation. No hurry.

Not

Pullback to wedge support (now resistance) and down again.

Ugly.

Not

Let's consider bad and worst (dashed) scenario, for a moment.

Whatever will happen, that's enough to use some caution if you're Long ....
Watch out.

Not

Anything below the light blue support on close would call for trouble.

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Guess what ?

;)

Not

Watch it carefully. Whole scenario:

Ongoing critical test of MM20/W.

Not

Chart update, some lines removed for clarity.

It may find support on the fuchsia line and bounce.
Otherwise down to target box ( see post above )

Not

First 30% correction of year achieved ( close price computation ).
Historically buying 30% correction for long term holding is rewarding.

See below: red bars are BUYs on 30% corrections.
Blue bars are monthly buys (e.g. accumulation plan ).

Historically (from 2010 onwards) red chart outperforms blue chart.
Nowadays by about 100%.

Meaning that buyng the dips usually outperforms accumulation.
That's why i always buy this kind of dip, even repeatedly, without caring about the ongoing weakening.

Not

No bounce, straight to target box.
Very impulsive move, no buying pressure so far.

This spells for trouble unless we can get a bounce by weekly close.

f-73

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

f-73