Short

Bears creating trap for bulls

By DeadSerious

Updated

Still more down after correction for IV wave

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Wave IV may form a triangle bear flag here

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1hr ichimoku cloud blocking our way up from the beginning. Won't go up until it breaks it

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Is the downtrend over? I dont think so. It can climb higher on this wave but be carefull as we got some history price actions that showing huge downside potential still

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Bitcoin found support and probably will try to test 7500-8000 levels

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Another fractal I found. 6600 is tough level which needs to be broken first in order to go up. tradingview.com/x/6bIgA2DO/. Break it and we go up. Reject it and we go down

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Bear Crab harmonic pattern spotted

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Move down to ~5k is now in development again

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Price action went sideways. We are in symetrical triangle right now. It needs to resolve first and break daily EMA30 (to go up).

This upside correction took longer than I thought and right now with this triangle building thing so we have to wait for it to resolve to be sure.

Short term I would say we are going back down, still inside triangle. Don't think EMA30 daily will break here right now

DeadSerious

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