DeadSerious

Bears creating trap for bulls

Short
DeadSerious Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
Still more down after correction for IV wave
Commentaire:
Wave IV may form a triangle bear flag here
Commentaire:
1hr ichimoku cloud blocking our way up from the beginning. Won't go up until it breaks it
Commentaire:
Is the downtrend over? I dont think so. It can climb higher on this wave but be carefull as we got some history price actions that showing huge downside potential still
Commentaire:
Bitcoin found support and probably will try to test 7500-8000 levels
Commentaire:
Another fractal I found. 6600 is tough level which needs to be broken first in order to go up. Break it and we go up. Reject it and we go down
Commentaire:
Bear Crab harmonic pattern spotted
Commentaire:
Move down to ~5k is now in development again
Commentaire:
Price action went sideways. We are in symetrical triangle right now. It needs to resolve first and break daily EMA30 (to go up).

This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.

Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now
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