SELL BITCOIN - TD Price Flip + Perfected Setup?

A move -5.22% from here would cancel the developing Weekly setup where we are currently 6/9. If this occurs between now and 18 March that would invalidate 3-4 weeks of a projected bullish trend.

12H current state:

- Bearish Engulfing Pattern.
- Below 4K.
- Rejected by historic downward sloping trendline.
- Below Kijun.

12H state if TD Sequential flips:

- Below Ichimoku Span A.
- Below TD Sequential support.
- Below Bearish Engulfing Pattern support.

Considering that the Monthly chart has us on a red 8/9, the above bearish scenario could potentially create the conditions for a Perfected Buy setup if price gets below the January low of 3349.92. This would constitute a move -13.42% from here.

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I'm standing aside in USDT with a buy order at 4230 to catch any sudden bullish run. If things go bearish the ideal BUY scenario would occur on/about 01 April (Weekly chart) on a Tom Demark Perfected Buy setup near 3349.92.

Kommentera:

I would personally take a position in BTC again. I think the Weekly plan is still intact as bearishness never really developed.

Order avbruten:

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