Looking at the charts today, i firmly belive we will stay inside the trendline until we hit 7200-area. I do however belive we will retest the 8600-area before going down to 7800.
After some shitty calls making me lose 0,7 BTC. I have now changed strategy. I am now long from 8500 ->8700, where my limit-orders changes to Short. Hopefully we only test resistance at 8700, and doesnt pump further.
Here are my thoughts on the current bear-flag. I hope we collapse any minute now, but we might see a longer period with slight uptrend before we go down to 8200
Same desc as the last chart, this time without the huge red drawing. We will continue down inside the trendline (green). If we break out of the trendline, i will change my position to long, but as long as we stay within the trendline, i belive we will see 8000-7800 before the market changes
I belive my last idea still is valid, allthough i expected the dump to happen a few hours ago. BTC still struggles to push through 8800, and the current volume gives me the feeling that we have given up pushing through 1hr 200EMA. We are also still inside the trenlines towards 7200-7400.
We will probably try to cross the 200 EMA, but i belive we will fail, and eventually drop significantly before the expected mooning. Im shorting from 8800 -> 7800
I strongly belive we will see a 100-200USD drop in near future (next 1-2 hours)
Im no expert in TA, but my unquallified guess is that BTC will make a strong move upwards after testing the support at 9000-9200 once more.