Short

BTC bear/correction scenarios (short term)

Mis à jour

Currently looking like we are in a wave 4.
So thinking one more leg down.

Note

Forgot to add this note to the chart.
If price passes 618 at 9700 by much, count is invalidated.
But watching for a spike above to raid stops, then down to wave 5.

Note

Maybe like this:

Note

Adjusted my first possible buy zone, 9211 - 9251

Note

Better range 9185 - 9211

Note

Just noticed the brand new weekly M3 pivot (purple)
9200 looking really really good now.

Note

Oops typo for the number .
New Pivot is at 9215

Note

At the moment of truth.
or is it Point of No Return :(
1st small limit buy triggered.
I am stacking them closer to 9200

Note

Decent bounce but not very convincing... yet.....

Note

Bounce looking better.
Now I need it to take the GREEN Pill.

Note

Need to get past 9400 to rule out double bottom attempt

Note

I am thinking double bottom around 9200

Note

This still looks like a wave 4 down to me.
But from how it is behaving, I think wave 5 will NOT be much lower.

Note

Looking good.
Getting past 9400 was crucial.
Now just need to hold it without dropping much below it.

Note

Looks to me like correct OVA.
Back on the 10.4k Highway!!

Note

These pull back scalps were part of my bigger plan:

Note

Thinking we might see one more test of 9k.
If it holds, momentum might turn around.
If it breaks, look out below.

Note

Approaching critical price zone

Note

Looks like rejection where expected.
So maybe wave 4 is done now and wave 5 has begun.
If so, 9k will be tested and that will be the critical moment.

Note

.
Micro Fib points to double bottom, so maybe we wont go as low as 9k per above:

Note

Fibs still say possible double bottom above 9k.
BUT and interesting observation of this latest wave playing the .236 note.

Note

So much for that micro bounce above.
Now the question real bounce or not.

I am not convinced. The lack of any speed bumps to break 9k was a bad sign

Note

The green zone around 9k did pick up a bunch of my limit longs, and an now managing stops. If we get past 9060 and hold, then I will be less concerned.

Note

BTC bounce at a critical juncture, and the Nikkei just took a little dip. not a good sign....

(nikkei and btc have been positively correlated tonight)

Note

My Fibs are pointing to one more dip, 8850 maybe

Note

Last Chance for a bounce, maybe this ABC is done, picture perfect if it happens:

Note

Have found a bottom?

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.