Bitcoin - Breakdown coming

21 ביולי 2023

We are one month into this price range without any resolve.

Rectangles typically break upwards. We did have a breakout but ended in a false break.

Now a pre-breakout structure is forming with price moving steadily towards bottom of the rectangle.

IMO breakdown is coming within the next few days.

24 ביולי 2023

הערה

Now to see if the breakout holds.

9 באוג׳ 2023

הערה

Corrective wave ABC looks completed. Last chance to short IMO.

9 באוג׳ 2023

הערה

Daily Chart rejection.

17 באוג׳ 2023

הערה

Wave 3 / C is action.

Give price another 2-3 weeks before a swing low (wave 5:3 or 5:C) is formed. Likely around 24-25k region.

30 באוג׳ 2023

הערה

We should be in Wave 4 now. No change to target. Invalidation above 28.6k.