Wobble and then capitulate if my thesis is good.

قبل ٣ أيام

In my previous big bear break analysis of BTC I gave the area we trade in now as the last wobble before the break.

First rejection to 90. Wobble 90 - 88. Capitulate under there.

We have the drop and the wobble.

Now we'll see if the break is legit.

قبل ٣ أيام

ملاحظة

It should be noted it's exceptionally rare I am bear posting into a drop. Usually I bear post into the rallies and just do a lot of profit protecting into the drop.

I sell into drops about 20% of the time.

Shorting into breaks means I am ultra bearish.

أول أمس

ملاحظة

Wibbly wobbly.


As a side note, if BTC is not higher in 5 days time we have a bearish monthly engulfing candle which has 100% hit rate of a down month the month after based on historic trading (since we got liquidity).

Which would seem somewhat ominous.

أمس

تم فتح الصفقة

Back into crypto shorts now. I'd thought we might be at a low but perhaps I have that wrong. Tried shorts into the rally.

قبل ١٨ ساعة

ملاحظة

Could be heading into a capitulation swing to 60K.

Really critical supports. I'm surprised we've not bounced better here. If downtrend holds, big flush under the lows I think.

60K target and we'd get there quicky.