Please, go wake up the bulls ...

On the edge of channel. Time for bulls to wake up or things will get messy soon.

ความคิดเห็น:

Donw to MA50/W and bounce.
Price looking for an exit route form wedge.

ความคิดเห็น:

To close a trap and avoid continuation bulls need to take out 9100 and 9300$ area.

ความคิดเห็น:

see hiphothesis on chart.

ความคิดเห็น:

That's a start.

ความคิดเห็น:

Bulls filed to recover 9300$, we've witnessed some mere pullback and the channel is lost already.

We can see a further falling wedge here, meaning another pullback to the lower limit of the original channel is possible.

Furthermore, we have this fragile light blue support.
If that fails a move down to main area of support around 8100$ is likely.

Moreover, a breakdown may expose the price to a Chuvashov fork pattern, meaning theoretical possibility of a correction down to 6800$.

Mind the fact that around the 8000$ mark alone bears may try to achieve a double top confirmation, hence be careful on any further weakness from now onwards.

For now let's see whether bulls will be able achieve some bounce, in order to alleviate the risk. Even temporarily.

ความคิดเห็น:

One more support and adjusted lines.

All in all i think 8400$ mark is the key level bulls should try to hold on close, in order to avoid moving into pretty troublesome waters.

ความคิดเห็น:

Here you can see that falling wedge doing its own job:

Point is, if bulls manage to achieve just a pullback to cannel they basically just buy time. They should do better than that.

ความคิดเห็น:

We have CME futures expiration in 2 days, mind thge colatility and use caution.

ความคิดเห็น:

here we are, pullback achieved.

Moment of truth fo bulls, as bears will tray a short from there.

ความคิดเห็น:

Bulls still struggling on the edge of previous ascending channel, now resistance.
If they succeed to recover over that (on weekly close ) that would be bullish.

So far we don't see volume, there's still risk of pullback and correction.

Come on bulls.

ความคิดเห็น:

ความคิดเห็น:

What bulls need would be a breakout of 9700$, hence chance of an ascending triangle.

In cas of pullback 8850$ / S1 should hold or this attempt would be wated.

ความคิดเห็น:

My guess is it will attack resistance area once again though. Matter of time.

ความคิดเห็น:

Here we go, attacking resisteance area again.
Channel recovered.

Bulls are awake.

ความคิดเห็น:

Once MA20/W will cross MA50/W we'll get agai to pre COVID-19 rocket setup.
Mind this january analysis:

Press play, see the Covid "pocket" and support recovery.

ความคิดเห็น:

And this as well,dating back november 2019.
Play and see.

Hopefully we'll get some nice and of year.

ความคิดเห็น:

And S1 got tested a last.

It's crucial for that support to hold, important days ahead.

ความคิดเห็น:

If that crumbles bears will take control and look for an ABC.

ความคิดเห็น:

NIce fakeout:

Failed ABC and licely bear trap.

ความคิดเห็น:

Awaiting first BLUE DOT after halving.

ความคิดเห็น:

Bitcoin on an inverted price scale.

I'd say we're going to visit those ""lows" again ;)
Patience deserved though.

ความคิดเห็น:

Would like to see a breakout of 9600$ witin the next few days in order to avoid a further test of 9000$ area.

ความคิดเห็น:

Hash Ribbons:

Moon?

ความคิดเห็น:

Waiting.

ความคิดเห็น:

Textbook example of support relisiency.

See the long wicks.
On lower TF we can appreciate as well methodic suppression of highs by some whale abusing the low volume.

If bulls manage to overcome the selling pressure for the next 24-48 the may have the upper hand and ignite a decent bounce.

ความคิดเห็น:

If you're LOng have a TP/SL under support as that's a pretty riscky area.

ความคิดเห็น:

Next idea here: