BTC took the bearish path. Post-dump analysis.

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Continuing from:

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ملاحظة

Since mentioned in the previous published analysis, my CYBER ENSEMBLE script still have not registered a "BUY" yet.


Need to wait for a technical confirmation (CYBER ENSEMBLE), then *followed by* a momentum confirmation (i.e. PRISM Signals, and PRISM oscillators), before I'd re-enter the market after being stopped-out of my entire holding at 8700 USD.

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ملاحظة

Descending widening wedge. Swing trading opportunity in the short to mid term, and waiting for breakout of the wedge into the longer-term.

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ملاحظة

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BUY signal on CYBER ENSEMBLE is triggered.

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ملاحظة

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ملاحظة

{Chart Above} Massive bullish Inverse Head and Shoulder pattern setting up?
Target @ 15kUSD from current 7.5k USD = 100% gain.
But price needs to at least retrace back to 9.5k USD first, and then to take another look at the market structure from there.

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ملاحظة

Very weak bounce. Cyber Ensemble and PRISM Signals both signaled "sell" again.
Revisiting 7500 USD?

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ملاحظة

Possibly going sideways for now..

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أغلقت الصفقة: تم الوصول لوقف الخسارة

BTC broken below 7478 USD
Stopped out. Patiently and cautiously waiting for good point for re-entry now.