JRonimus

JRonimus

Please see the daily BTC Bitcoin chart on the daily. It is forming a triangle and BTC is testing the upper area. We have seen this before. Lets look for a clean break and possibly restest to long everything.

JRonimus Updated 

Bitcoin is currently restesting the downtrend from June fpr the sixed time. Previously this has led to a massive sell of. First indicators show another selloff right now. I am short BTC

JRonimus Updated 

Expecting rejection here and retest of lower channel at $22.800 before uptrend continuation (when CPI dump settles)

JRonimus Updated 

Looks like DAX is getting rejected here. Looking for a short entry here with invalidation above 13.500.

JRonimus Updated 

Looks like a deviation out of the channel. With $BTC loosing momentum, I ll take the shorting opportunity with incalidation above 9$

JRonimus

I feel like this is the most probable outcome for the next month. 1. FED rates hikes today again (75 to 100bsp). 2. Economy will go into an (official) recession. 3. FED starts QE in September to stop the economy from falling apart. 4. Risk on is back. BTC bottom at arround 12k with a quick wick below 10kwith a quick wick below 10k.

JRonimus

I think the bottom is in between 41k and 39k. Applying a fractal before the last breakout (blue box) shows various similarities.