Bitcoin picture speaks for it's self again? Last wave up 9400?
The market got pushed higher again by those buyers probably that entered the market around that green area! (from the last update of my previous analysis)
And it's the same thing we saw around the 11K levels, a wedge that goes to the max of the hight, dropping out but not falling and getting back up again. As we can see now, it's making a bull flag, suggesting that we go higher.
If we have a identical pattern as a few weeks ago, than we should see a higher high from here. 9300/9400 and than make a drop. But the conflicting thing is, it would mean that it is the high already and we just go down from there.
Thats way to early to tell of course. For now, my stop is around my entry level of 9050, actually the breakout of this small bull flag. I won't be fighting the direction the market want's to take of course. But if we go higher and i start to see some hesitation again than i will start to build up a short position. Probably around the 9300/9400, this price is the ideal entry level i was talking about a few days now, but the way we are getting here is not the way i thought it would be.
That wedge from a few weeks ago also had the volume picture not quite right. If Bitcoin will show a similar price action know, meaning we go to the 9300/9400 and we make a big drop again from there, than i have just discovered a new type of wedge, the one i posted in an educational post. It's to early to tell now of course.
Thing is, i just get the same feeling i got during that other wedge, that the market just would not want to go down to make even the slightest healthy correction. Now it's doing the exact same thing again. It looks like the market is very strong, but we all know what happened a few weeks ago.
I though after we jumped up from the low at 7250 that we would make a clear ABC correction wave, this is anything but clear.
For now i am sticking to the plan i have now, unless things really start to change. So i will probably open 20% around 9300 and at 9400 and i will add if i get some real signals there.
For more info, please read some of my older analysis, you will get most of your answers there.
And it's the same thing we saw around the 11K levels, a wedge that goes to the max of the hight, dropping out but not falling and getting back up again. As we can see now, it's making a bull flag, suggesting that we go higher.
If we have a identical pattern as a few weeks ago, than we should see a higher high from here. 9300/9400 and than make a drop. But the conflicting thing is, it would mean that it is the high already and we just go down from there.
Thats way to early to tell of course. For now, my stop is around my entry level of 9050, actually the breakout of this small bull flag. I won't be fighting the direction the market want's to take of course. But if we go higher and i start to see some hesitation again than i will start to build up a short position. Probably around the 9300/9400, this price is the ideal entry level i was talking about a few days now, but the way we are getting here is not the way i thought it would be.
That wedge from a few weeks ago also had the volume picture not quite right. If Bitcoin will show a similar price action know, meaning we go to the 9300/9400 and we make a big drop again from there, than i have just discovered a new type of wedge, the one i posted in an educational post. It's to early to tell now of course.
Thing is, i just get the same feeling i got during that other wedge, that the market just would not want to go down to make even the slightest healthy correction. Now it's doing the exact same thing again. It looks like the market is very strong, but we all know what happened a few weeks ago.
I though after we jumped up from the low at 7250 that we would make a clear ABC correction wave, this is anything but clear.
For now i am sticking to the plan i have now, unless things really start to change. So i will probably open 20% around 9300 and at 9400 and i will add if i get some real signals there.
For more info, please read some of my older analysis, you will get most of your answers there.
บันทึก
Last update of my previous analysisบันทึก
I have closed half at 8670บันทึก
If we drop below the low i will add them again, is a chance now we break the supportบันทึก
I think the support is going to breakบันทึก
I have added againบันทึก
making a bear flag now, it's still hanging on the support line of the neckline of the inverse H&S, but it think it will break. I am ready to close if i see some real buy volume and if we break the 8800ish
บันทึก
If we break the 8600 than this analysis could be ignored and we turn back to the original ones!บันทึก
the red area is the stop for the short i added again, if we even get thereบันทึก
This is one of my last updates for today, i am not feeling the love for my efforts guys :) good luckThe longer it hangs around the 8600/8700 support, the bigger the chance it will break
บันทึก
Only if you want to guys, if you feel i am making you a better trader or you making winning trades because of me. I am putting allot of time and energy in here, so it's not that i am holding out my hand for doing nothing BTC: 1LNkJ5CiXBFsm5U23aUcNXvDzcqiCfYwVx
ETH: 0x0cc156b3c041de85437464fe4379377fdd387d02
LTC: LVkN32eCLDdPAVUgVikCYwg1EhP6iDjyfU
บันทึก
One more update for now. That blue area is like an H&S with a target around 8400. There i will close half my position again to see what happens after. A test of the 8600/8700 is possible than and there i will try to add again. For my complete position my stop is around that red neckline.Keep the likes coming guys! It's a very small thank you for all the efforts i do for you
บันทึก
Target of the bear flag is around 8300บันทึก
Bulls keep extending the bear flags, it could mean bears will get exhausted, but for now i think it's just a delay of a further drop to at least 8400. For now the green area is a temp support. If price gets above 8850 than things will change, the bulls could get in control again. I think we do need to drop within a few hours, otherwise i see the price going up againบันทึก
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน