Same move different direction
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Seems like we are repeating the same pattern that moves us up from 38500 to 73k but this time in the reverse order
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Copying same fractal but making it upside down , seems like we are going down for next 10-15 daysملاحظة
Monthly uptrend and fib levels are also around 48k , we are probably heading toward 45-48k in the next 2 weeks and then we may see a new range forming thereملاحظة
If it puts two legs with the same ratio before the end of the move we will probably see 47k. Everything in alignment to touch 48kملاحظة
Daily M pattern can also take us back to 47kملاحظة
bottom of 4h trend line will also be at 48k in next 12daysملاحظة
Price cant move above previous daily range lows at 56500, Entering a short position here with stop loss above the daily moving average at 58kملاحظة
price also making a descending broadening wedge which is extremely bullish, guess what? the lower line in the next 2 weeks will also be around 48k, by bouncing from that we will have a 95 targets in the next couple of monthsملاحظة
Next horizontal support from prev range is also between 47-50kملاحظة
The next probable bounce area for the weekly chart is SMA 50 at 47.5k or EMA 50 at 51.5k ملاحظة
Retesting the last daily trend line that connects 28k to 38.5k, I will close my short trade if the daily closes above this line. ملاحظة
nice, rejection happened at daily 200 SMA, EMA, and the previously mentioned trend line from 28500, now if it successfully goes below 56500 we can expect a highway toward 48kملاحظة
a nice weekly close below 56k, but if the fractal is working, and a Similar move happens we might see some sort of short squeeze soon before going down ( today or tomorrow) ملاحظة
yeap liquidation event happened as expected and now we are starting the real downtrend, say hello to 48k تم إغلاق الصفقة يدويًا
pattern deviated a lot , closed manually switched to buy position
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