Bitcoin - Breakdown coming

21 Tem 2023

We are one month into this price range without any resolve.

Rectangles typically break upwards. We did have a breakout but ended in a false break.

Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.

IMO breakdown is coming within the next few days.

24 Tem 2023

Not

Now to see if the breakout holds.

9 Ağu 2023

Not

Corrective wave ABC looks completed. Last chance to short IMO.

9 Ağu 2023

Not

Daily Chart rejection.

17 Ağu 2023

Not

Wave 3 / C is action.

Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.

30 Ağu 2023

Not

We should be in Wave 4 now. No change to target. Invalidation above 28.6k.