Bitcoin - Breakdown coming

21 ก.ค. 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 ก.ค. 2023

บันทึก

Now to see if the breakout holds.

9 ส.ค. 2023

บันทึก

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

9 ส.ค. 2023

บันทึก

Daily Chart rejection.

17 ส.ค. 2023

บันทึก

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 ส.ค. 2023

บันทึก

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