BEARISH PLAYBOOK
Dear Reader,
I've made the bold assumption that we've entered an A-B-C corrective wave, which is likely to retrace at the 76.4% (WAVE A) level. The impulse wave which should follow the correction, could serve to constrain BTC in a broadening wedge pattern.
Let's see how the play unfolds.
PS: If the price closes above $9700, this idea is dead !
Happy Trading !
I've made the bold assumption that we've entered an A-B-C corrective wave, which is likely to retrace at the 76.4% (WAVE A) level. The impulse wave which should follow the correction, could serve to constrain BTC in a broadening wedge pattern.
Let's see how the play unfolds.
PS: If the price closes above $9700, this idea is dead !
Happy Trading !
הערה
Looks like we are falling from the 61.4% Fib. Price formed a small bearish continuation pattern here.הערה
Typo ... 61.8%הערה
Looks like sub-wave 1 is done. Herewith some speculative targets.הערה
I think we might be ready for wave 3 .. the big dipper. See you at the bottom!הערה
They all died by a margin !הערה
הערה
More can be learned here: thepatternsite.com/EveningDojiStar.htmlהערה
I'm not giving up on my idea as yet (first we go down and then up), as we have not seen a candle close above $9500.However, I believe that I incorrectly identified the wave structure and now present the following idea.
PS: I'm moving my target slightly. If we close a candle above $ 9600, I'll consider this idea completely dead, light it on fire and chuck it in the bin !
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.