BTC (Y19.P2.E11).v2.Looking for a short entry

An update to the previous post, I have reviewed my entry points, with the current price history.

The price just recently bounced off the sloping support, however we have to see this be supported.
I have the fractural\copy of the Dec 2018/2019 bottom applied to the 7800 range to visualize some sort of accumulation bottom formation, which fits the scenario.
Looking at the daily RSI, I have it to go down further to go long, so it might be around the 7500 to 7800 range.

Note:
I also acknowledge that it is difficult to get the bottom and as a strategy, it might be worth buying in as it drops in this range or goes up in this range, to go long.
Sure, its a risk however this is the norm when we had BITCOIN Halving is approaching\event, so it will be out of the norm for it to drop below the sloping (channel) support line.

**************************************
If it breaks the 7500 range, I will go bearish and will foresee that we will go towards 5500 to 6800 range and it will be the worste Bitcoin halving performance in its history and we will therefore have a much longer extended ranging btc market, which will range much longer than expected to break the 9k to 10k. This is the worse case scenario
**************************************

What to monitor:
I'm looking at the Weekly 50 and 100 MA at this point >
>when will it cross over and potential alignment to the upward channel.
>also acting as support
I will be referring to the weekly 20 MA as resistance and potential alignment to the upward channel

Closeup view

Weekly chart overview:
EMA's

MA's

Previous post

Kommentera:

We have never gone into a halvening in BEARISH price action, miners already capitulating adding sell volume. Historically we front run with a BULLISH setup, miner capitulating only after halvening when revenues are slashed. This is a unique setup. Quite bearish leading up to the event.