Ian_Carsen

Ian_Carsen

Should be a trade here in the near future if price doesn't continue moving up

Ian_Carsen

Ray is currently moving up longer-term. A trade could be caught on the zones shown

Ian_Carsen

Looks like has strong support at the indicated range. Target will change based on price action which has elapsed by the time the entry is hit.

Ian_Carsen

We hit the larger, upper resistance, and have created a more local resistance, it's likely BTC makes a new low from one or the other, with at least a bounce from the indicated support--although this support could hold the move. If BTC manages to break above the current resistances I would not expect a new low.

Ian_Carsen

If price comes back to the indicated zone the indicated target is the MINIMUM price can be expected to move up, should go higher.

Ian_Carsen

Bitcoin is likely to continue lower off of the current range to strong support just below the current area. If price does happen to get above the current range--which is possible due to hitting a type of polarity on the bottom, the next resistance indicated should be the immediate target. It should be noted that upon hitting the very strong support, a significant...

Ian_Carsen

Good possibility of bouncing off the indicated range to one of the indicated targets

Ian_Carsen

A break above this resistance zone and especially the second higher would show 'the bulls are back in control' so to speak. Still tentatively targeting the lower, very strong support, however, the case to get there will get weaker unless a significant rejection is experienced at this current zone.

Ian_Carsen

2.2 RR is the minimum this trade can be expected to return if it reaches the entry point. Theoretically price could eventually reach much higher, making a new high

Ian_Carsen Updated 

It is possible the trend has completed, however SUI has not yet hit its daily target. Thus we can try to rebuy the retest near the trend line. The lower white line is the 'proper' entry, however trade may be missed, so I will enter on the red.

Ian_Carsen

Not much changed since my last report. Expecting price to potentially move a bit higher than previously indicated. It may also--overall--not move to the indicated strong support area, but continue to range in the current general area before a move up. A move to the strong support area cannot currently be ruled out however.

Ian_Carsen

Bitcoin will probably make a new local high before testing the strong global support.

Ian_Carsen

This trade--often the obvious entry range which is more centrally located in the price action fails. I've calibrated the entry to pick up the pieces. Nice clean 1hr UR. If price hits target from that central range though--this trade is off. Target could be raised (or lowered) depending on what price does prior to entry--chart not fully developed. This trade looks...

Ian_Carsen

If Cortex holds the recent lows as previously, a larger bounce could occur, unfortunately this trade will take weeks to play out.

Ian_Carsen

Unless target is hit, this should be a good trade at one of the lower lines!

Ian_Carsen

Overall, we hit an important level for a near-term bounce, likely small. May have already concluded, however, while the bottom could be in, it appears we will probably go lower to the bigger targets.

Ian_Carsen

If the weekly candle closes below 89,150; we probably visit 70-80K region, where at this point I am pre-disposed to consider this bull market to be over, despite its relatively short duration. Of course we will have to see what price has done at that point. Regardless, there should be a very significant bounce off those levels if this occurs. My understanding of...

Ian_Carsen

This is a very long and drawn out correction process currently! I expect the immediate move to unfold as shown.