Short

BTC down to test 6850-6650 first.

Updated

1.) The Daily RSI hasn't been retested for divergence
2.) We bounced from 7050 without a retest
3.) there is still room to fall within this symmetrical triangle
4.) Low volume push

I'll be shorting in this general area

Note

Also, If any noobs are reading this (similar to myself)- my advice is to not let yourself be swayed by the opinions of overly-emotional traders (who happen to often be the top authors). Their self-marketing emotional language they use to suck people into reading their charts is too often the same emotion that leads to bad trades and/or wrong predictions.

Note

I still feel BTC will make another leg up for our safe shorty entry back to <7k

1.) Alts seem as though they will make an anticipated bounce based on ichimokou

2.) BTC still needs some 4hr bearish divergence

Note

Things are going according to plan thus far,

1.) BTC spiked back into the 4hr cloud and opened a 4hr candle inside the cloud, indicating a *potential* final push to the orange box before going down to <7k

Note

Shorting here with a tight-stop at the previous high.

Trade active

Theres a good chance it will go higher, hence only low lev for this (3x)

Trade closed: stop reached

stopped at breakeven

Note

Things are sailing smoothly, didn't open a short unfortunately. Oh well, we'll get it on the bounce.

Now as for where it will bounce, i believe it will go towards the orange box, AKA between the 0.883 zones for this wave and the previous, there is a large accumulation cluster as well for confluence.

People are calling for a bounce at 6k. Its possible, however I'm expecting the daily RSI to diverge at the 6.9k-6.6k range. The lowest it'll go is 6500-6430 before a bounce. Keep your eyes peeled for the daily rsi divergence.

I'm then expecting it to rise to retest the ichimokou cloud before either a breakdown or breakout.

Dion_Dimucci

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