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UnknownUnicorn17387766
11 août 2022 20:03

BTC Distribution Short

Bitcoin all time history indexINDEX

Description

Looks pretty good.

If we lose 24k again, beware.

Transaction en cours

Buckle up, people!

Commentaire

Interesting but I don't think it's invalidated. Above 25.800 I'll reconsider. This is a big nice bearish setup. Invalidation should be really bullish.

Commentaire

Below 23.500 i'll be more confident about my position. For now, bulls have some hope.

Commentaire

ETH was supported by daily 15 EMA for a long time. It'll probably be bad for the market to lose that.

Commentaire

Consolidation slightly below resistance. Tough decision!

Commentaire

Wyckoff wins, as usual.

Commentaire

21k is important.

1. Redist. here.
2. test previous support lines(22.000-22.500) and dump.
3. Invalidation, hold above 22.800 for a while.
Commentaires
UnknownUnicorn17387766
We have some kind of parabolic trend supported by 100 4h EMA. A retest will be interesting.
UnknownUnicorn17387766
3rd test of 25k, 3rd rejection. This is still not a bad UTAD.
UnknownUnicorn17387766
We have price spikes but it's really going nowhere. Alts are holding the market while BTC was showing weakness for days. RSI is declining. It's at a make it or break it point.
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