Bitcoin
Short

Do things can happen twice?

Updated
Basing on fractal of previous price moevement I made a fractal which I think we are going to follow. Price will close above daily 12 EMA and then got rejected by 26 EMA. Rejection of 26 daily EMA and breaking down 12 daily EMA would be very bearish signal. My idea about Stoch/Rsi is still active and according to it we still haven't bottomed yet. That's why I don't take any long positions. Even it looks like breaking up right now.

Trade active
4H perspective looks even better. 4k 100EMA is clear resistance zone and I place my shorts around this line

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Trade active
So far so good. The price closed above 12 daily EMA and follows price action from June. 2 of my 4 shorts are already filled. I wait with another two shorts when we get closer to 100 4hEMA. I hope bulls can get there ;)

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Trade active
It looks like we are going to make it. I set 3/4 of my shorts over 6500. I wait for the last one after confirmation. 12/26 cross 4hEMA is the confirmation. There is one exception which can relevant here. I describe it in another update

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Note
There is less likely possible situation we make cross and bounce again so I am going to watch price action carefully

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Trade active
We bounced but it was likely to happen. We didn't make bearish cross but the plan is active. Some day traders could take a lot of profit here but I don't daytrade and just find places of strong resistance/support and put my trades there. Right now we are getting closer to strong resistance zone where I put the last of my shorts. Crossing 26 daily EMA invalids plan. Price action is still very similar to june. We also got a decent bounce before the final drop.

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Note
June price action. It looks almost identical and that's why I have some doubts about it. Do the things can happen twice??

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Trade active
Price action looks strange. It should fall but high selling volume was absorbed by buyers. I closed my shorts in profit for now and I am watching price action carefuly. Maybe another retest. My plan is valid till 26 DEMA holds the price down.
Trade closed manually
This one is inactive anymore. I mentioned it in my last analysis
Bear trap?
Today I make the new one!
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