New frame I wanna follow Bitcoin on.
Redistribution-like outlook. I've been talking about such correction since the last impulse down. There is a good chance that the correction is done.
What I couldn't foresee was this mini altcoin rally. And such change of sentiment.
Invalidating rising wedge is relatively easy but making a new high above 18.400 is unlikely.
Redistribution-like outlook. I've been talking about such correction since the last impulse down. There is a good chance that the correction is done.
What I couldn't foresee was this mini altcoin rally. And such change of sentiment.
Invalidating rising wedge is relatively easy but making a new high above 18.400 is unlikely.
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And there is this curve.
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We'll see.
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BTC.D close to support.
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The crazy part is you can argue this is a bear flag :D Do I believe it? No.
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I think bullish BTC.D is more likely mid-term but even bearish BTC.D doesn't mean alt rally necessarily. 2022 June for example.
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Bearish BTC.D during a dump means big guys are selling. Big guys are more interested with BTC. Alts are for retail. Free leverage.
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It would be interesting if this becomes a bear flag later. That might lead us to 14500. Which is an important level imo.
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Visiting 14.500 and then coming back to the range would be a turning point for me. But it's just fantasy at this point.
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My ultra simple TA for mini :D Will Powell save the bulls?
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Tested and jebaited?
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Nice. Might be a breakout.
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Interesting bounce.
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Longs coming more and more :)
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Do they have the juice to maintain a parabolic trend?
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Friendly reminder: Bitcoin is slightly below the selling climax of 30k breakdown atm. There is nothing to be bullish in the big picture right now.
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I think it wants to go a bit higher. 17.600 will be hard to breach. Stop hunt above? Sure. But I'm not expecting to hold above.
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It's trying to get this. I'm looking for 18.1k if it can.
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If it's a test to be failed, GG.
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Zoomed in. Looks good actually.
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I'm shorting 18.1k a lil bit if it comes.
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This red one is a bearish pattern though.
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I'm using my vote for "GG" :D But we'll see. A lil early to talk.
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Let's just give up bulls. Clearly we're having some problems here :D
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Ok we say hello to the falling wedge. Very cool.