Short

On the edge of bearish take over, not easy though

Updated

this is a short to short-midterm EW opinion. Bulls and bears are pretty balanced between 27800 and 26 700, that's why we could going on bounce down n up. We have lower highs and lower lows which forms the bearish channel. imo the next 7-14 days we will have a clear direction downside but BTC is always good for a surprise.
EWaivers know, it all comes down to where you start to measure and how. This is imo the most probable scenario. Let's see what BTC does. Pls share your opinions.

Note

IF the last C wave we are in now extends, we are going to see 28 800, before heading down again, if not it is going down from here. Every rise above 28 800 is bullish and we may have buttomed already, which I count with 30% probability. 70% prob to the bearish scenario. we will know soon :)

Note

If you miss the bigger pic, go to my previous analysis. This is a work in progress and i am new to publishing :)

Note

looks like BTC wants to exit the bullish channel. If we break and close the day under 26 250, we are out of the channel, remaining in the bearish channel, which does not mean we bounce back, as did before. This is a bouncy path until the bears take over clearly and down to 25k-23-21k, which might take a while. I assume beginning third of June, if not earlier

Note

Thanks to all my first followers for your trust. I do my best to make happy and reliable sucessfull trades. Once it is more clear about the disclaimer, I would share my trades targets so that you could observe the path. No calculation is finite until you trade it :)

Note

continuing in the downward channel, interestingly btc bounced off the upper resistant level of the bearish channel once. Again we are in the mixed zone, but the bullish force is vanishing until first days of June, leaving the price action to the bears to bring it down to levels mentioned above.

Note

modified this on the Daily chart to have a better picas a new post, still same prediction getting more and more confirmed.

Note

looks like the lower band of the bullish channel is used by btc as the resistence level in the meanwhile, which confirms all said before. If we get a big rejection here (what I see happening after a small correction upsides) then we head 25k downwards. Remember the price does move in wave pattern, which mean, down, up, down up .... important is: does it build lower lows AND lower highs (building a downwards channel, bearish sign) or higher lows AND higher highs, which again builds a channel upwards (bullish sign).

Note

I think we reached the highest max peak at 28432,04 on the 29.05.2023 and until 20.06. I see the price making further downwards move in the range between. 25250-18600 Usdt, where the Wave 5 ends. Again, these are my results of own calculations, not a financial advise, do your own research always.

Note

Exactly as I predicted, even on the date exact, today we broke through the support line of the support/resistance level (lower line)! To me, the very impulsive move downwards is a sign, that we still have further work downwards to finish. It was not it yet. I still see 21k comming which is an excellent area to accumulate more. NO REASON to worry, this is very healthy for the upcomming move upwards to new highs. For now, we will eventually bounce back up to 27k, to dive deeper afterwards.

Note

IF you think the content is usefull so you like the channel, pls share it with others. It helps everybody to be on hte right side of the game :)

Note

Be aware of the bull trap, after the rise it is going to head down again to 24k or even 23k!

Note

BTC just got until 26 800 and the fell back, still possible that we might see 27400k before going down to 23-24k ....

Note

we are out of the resistance zone left just in the downwards channel as I predicted and painted it 3 weeks ago. I see end of the channel around 19-20 k (hopefully not more) but from there I will look again. If BTC slides too much under 20, there is no resistance area there, so it would slide all the way down to 15k. I don't see it now comming, but it is too early to call. So be carefull of the corrections up, we are still not at the end of the correction. But for accumulation, this is a good are to start. Trade Happy folks, trade safe.

.... if you like the content, pls like and share with others so more people benefit

kiaZar

discord.gg/trading-community-dach

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.