DeadSerious

Bears creating trap for bulls

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DeadSerious Güncellendi   
BITSTAMP:BTCUSD   Bitcoin
Still more down after correction for IV wave
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Wave IV may form a triangle bear flag here
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1hr ichimoku cloud blocking our way up from the beginning. Won't go up until it breaks it
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Is the downtrend over? I dont think so. It can climb higher on this wave but be carefull as we got some history price actions that showing huge downside potential still
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Bitcoin found support and probably will try to test 7500-8000 levels
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Another fractal I found. 6600 is tough level which needs to be broken first in order to go up. Break it and we go up. Reject it and we go down
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Bear Crab harmonic pattern spotted
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Move down to ~5k is now in development again
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Price action went sideways. We are in symetrical triangle right now. It needs to resolve first and break daily EMA30 (to go up).

This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.

Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now
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.