Very simple idea. Two falling wedges; the first fake out was reversed, we have a second chance now.
Two scenarios:
1. breakout from the falling wedge & retest of 9k
2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows.
people are selling because in the past several Sundays price had fallen every time.
that is a coincidence.
Two scenarios:
1. breakout from the falling wedge & retest of 9k
2. continue in the short-term channel toward 7.5k & 7k. demand will be increasing as price falls, so I don't expect new lows.
people are selling because in the past several Sundays price had fallen every time.
that is a coincidence.
Kommentera:
probably wasn't clear --- I think s1 more likely.
Kommentera:
We have two green candles on the 4h chart now. Over 8.5k we're safe.
Kommentera:
I think after we failed 9k, BTC has gone back to the accumulation zone I mentioned in my previous post. There's no dramatic 6k or 10k scenarios immediately before us.
Kommentera:
probably should've written: no obvious dramatic ... scenarios in front of us.
Kommentera:
retest of 9k is likely
Kommentera:
wow, really jumped in the last 25min
Kommentera:
bull flag.
Kommentera:
Going up but a rising wedge is forming w/ apex @ 9.5k
Most likely will follow my original post (last post): 9.5k -> fall to at least 8k.
Most likely will follow my original post (last post): 9.5k -> fall to at least 8k.
Kommentera:
failed 9k again. should bounce @ 8.2-8.3k
Kommentera:
I actually see a rising triangle potentially forming soon. I posted the details on my YouTube channel. I plan to post daily FA & TA videos there.
