Nice breakout. We should retest that resistance and bounce. Target clearly marked. See if you can spot the hidden bear (its not that hidden). A good trader must look at both cases.
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Death Cross
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Bear wins which is why we always keep an eye on both.
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12 hour H&S is now complete. 13700 should get rejected on finnex.
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updated chart -- soul crushers are back. Couple of things.
1. We are now above the point where I previously said you should long if we consolidate. That still holds true.
2. We have so far had two fakeouts, we could have more.
3. Overall outlook is bearish, but we still need to play the breakout. So long at consolidation, and put your SL right below support.
Here is an overall look
1. We are now above the point where I previously said you should long if we consolidate. That still holds true.
2. We have so far had two fakeouts, we could have more.
3. Overall outlook is bearish, but we still need to play the breakout. So long at consolidation, and put your SL right below support.
Here is an overall look
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Bitcoin is highly indecisive here. Here is the bearish case if we are seeing a wyckoff distribution.
twitter.com/C_Barrau...s/948472651454013441
twitter.com/C_Barrau...s/948472651454013441
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Sorry ignore the last comment ... here is the correct link. This is the bearish wyckoff case. We watch we learn, we chart.
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4hr and 6 hr charts are turning into utter rubbish. We needed to break that 15.2 level and hold it. 50MA and 200 MA are now moving away from each other signalling incoming bears. Ichi tends to agree. 12 - 36 hrs will see a downward pressure in bitcoin. Lets hope the new channel bottom holds. Here is the 4 hour
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I am still thinking this weekly closes a doji and the next week is red.
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Overall long target hit. (hit play to watch). I expect a retracement now after maybe a retest.
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Maybe:
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Daily - this is a low volume push still. If we do retest highs - i expect a massive sell off again.
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Here comes massive sell off. We are officially now in a bear market. until 50 & 200 MA cross again - we stay bear
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Massacre incoming. Jan21st maybe 22.
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twitter.com/3L3C70