Fake breakdown shakeout - during consolidation

מעודכן
Fake breakdown - during consolidation - if it drops to 11323 ( the next resistance down )
we can buy in and move back up higher
הערה
Depending on your exchange it will be around 11328 ( bitfinex)
הערה
Patience is key here . Wait for the next candle to move it closer to the support line .
This is a fake newbie trader shakeout
הערה
it should fake an upward move that its going back up then drop again .
Its the support line at 11323 support that we want .
This is also a "3 candle inside down move"

investopedia.com/terms/t/three-inside-updown.asp
הערה
that was the fake move upwards - now it should move again closer to the 11323 support
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This move is being played using the 45 min candle -
הערה
we should see it break past 11323 on its way down , There is a sop at 11234 which is where m sure it will bounce. If not and we are lucky it will move to 10910 then bounce,
הערה
We also have the dual spinning tops and the doji on the 45 , hinting at a break down or break up .
הערה
BTC tends to hang around the area its going to break and I do believe BTC will break 12k . BTC Should then go up for a bit then and then drop back down under 12k later today or tomorrow till Friday and then move higher .
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I may be wring here as BTC is being tricky , but I suspect BTC is doing a fake beak up , so it can break down and then break back up to 12k
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I may be wrong here as BTC is being tricky , but I suspect BTC is doing a fake beak up , so it can break down and then break back up to 12k
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Im expecting a dip to the resistance point - at least 11323
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dropping down nicely,,
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looking like a breakup
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This probably will not make much sense unless you are familiar with TD mark counters.
But the daily candle will hit a 9 in 1 hour
The 4 hour will hit a 9 in 6 hours
And the 12 hour candle will hit a 9 in 1 hour,
A 9 in a TD mark counter indicates a possible 1 to 4 candle countdown,

****- Note: ****
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Im not saying this is what is going to happen. For all I know BTC may just hop and skip its way to 17000 and we all live happily ever after .
What im saying is based off the TD mark counters there is a strong possibility that BTC will drop much lower for between 1 to 4 days ( and this action will begin in 7 - 27 hours time)
הערה
I still think BTC is going to touch 11328 today before going to 12k .
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There it goes ...took long enough to drop
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That hit was the from the 4 hour candle .
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may be another smaller dip in about a minute or so
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Im hoping we can get to 11231 as there should be another dip in about 10 minutes or so
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That explains the "triple doji showdown" on the candles . I was wondering why they were quiet and not creating havoc
הערה
enter if over 11298

btc
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11326 is even better for confirmation to go long .
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11326 also avoids the bull traps
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The MACD on that graph is not looking to healthy
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The 4 hour candle is doing the big dumps , it has another candle coming up in 1 hour.
4 hour
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Trend change coming up
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its a big dump
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This might be it - we have a trend change signal
הערה
confirmation - pass 11297
then safe to enter
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Double bottom and trend change on the 45 min candle . This may be a reversal but as always wait for confirmation.
הערה
Double bottom and trend change on the 45 min candle .
its looking like this is it - wait for confirmation

this  may be it wait for confirmation
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The only thing that bothers me is what will the 4 hour candle do when it drops that next candle in 30 mins .
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The 4 hour candle came and is well behaved - I may just enter at 11297 if this keeps up
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112967 is being passed .
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Im entering here
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i trust the trend-change doji and the resistance break
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But better to play safe and await 11326
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Trend Analysis

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