BTC : Sinister Rouge coming back for more - to even the score

28 พ.ค. 2018

Who feels like they have seen this Pattern far too much recently? I do.

Unless we get a solid short-term move above $7600 with Volume and close a green 4HR Candle at $7600 or above, I'll seriously consider a POTENTIAL turn-around. Until then, I remain Bearish.

ANOTHER Rising Wedge...probability we'll break to the downside again in the next 5-12 hours is huge. I expect to see some more Sinister Red in the Market soon - it isn't doesn't and is coming back for more, IMH0. If the Bulls can't protect 7200...let's hold on tight because we'll then see $6900 soon after

Good luck to you :-)

28 พ.ค. 2018

บันทึก

typo correction for above: "doesn't" should read "done"

28 พ.ค. 2018

บันทึก

BTC has just broken the bottom of the Rising Wedge at $7320.

If you were working on a Rising 'Channel' instead, then $7300 in the bottom. You can see Bulls really protecting the $7300 price-point.

If we get an empathic break south of $7270 - $7280, then the Bears are off to the the races. The Bulls will no doubt try to protect $7200 as they have in the past, but I think the Bears will smell fatigue and blood by then...

Let's watch :-)

28 พ.ค. 2018

บันทึก

We just got the break of 7280...Bulls in panic mode now protecting $7200.

29 พ.ค. 2018

บันทึก

Bear-flag after Bear-flag after Bear-flag after....

Well, you get it.

Slow grind downwards. Bulls making this harder and longer than they have to.

Bears: "Shall we do this the easy way or the hard way?"

Bulls: *Blank stare"

Bears: "The hard way it is then"