These channels were drawn a lot earlier. Short till 7000 or less
It is under the TEMA yet it oes not fall, and what does not fall will raise
BTCUSD crossed 200 MA on 15M. Recently passed the same 200 MA on 1H and 4H while going down which requires it to at least go up till it touches the 200 MA on these timeframes. It has also almost touched 200 MA on 1D timeframe which itself is turned upwards which represents upward momentum. I'm bullish short-term and long-term and neutral mid-term.
I was mistaken. This is the place where 2nd wave bounces.
With the correction pattern after wave one, we will form the second leg at around 61,8% of retracement. I'm pretty much consistent with my previous bets. Why do I call them bets? Because the chart will always take the path of biggest pain because, the price, when left alone will search for states of high entropy (low number of options) and when interacted...
Gauss is week (turns from blue to red) TEMA (pink) is week RSI is high Channel mid line was not touched, yet. We had pre-fomo and have to take punishment for that.
Don't expect this to just go up. Why it didn't fall to confirm that level is not a good sign.
bounce of this place
We're in sell zone and RSI is high on 4h. Doesnt have to be high on D1 because when we create a second leg then it will have more space to grow on D1.
H&S bottom to come that looks like double bottom. Dynamic ranges will break more falls unless the price stays in the bottom range for long enough to reverse the trend. Sunday is a good time for this bottom to happen based on dynamics of the price waves we currently observe empirically.
Bounce of median of channel means weakness in this case.
We will now enter a triangle Long shot term, neutral midterm, bulish long term
Its time to go retest last failed demand area and then we can go into range or fall more.