Possible bottom with a W pattern reversal and wedge breakout back to the ~$55k level of the breakdown point of this flash crash. C.f. also all the updates on my prior idea which is linked below this idea.
Nota
Dao Khanh, {12/10/21 7:37 AM}ADA and DOT both are still my favourite.
Shelby Moore, {12/10/21 7:47 AM}
{In reply to Dao Khanh}
Until I release my altcoin. 😉😜🚀
Nota
I see more downside.Nota
BTC shorts bottomed and increasing again.Stock markets have bearish gaps that need to be backfilled this week.
Nota
Nasdaq / S&P 500 needs to come down more. That’s more risk off movement, which is short-term bearish for Bitcoin.Nota
Downside range is ~$42.5 – $45k. Upside is $50.2k before downside is invalidated.
Nota
Exceeded the upside range. Looks like a W pattern breakout headed to $53 – 54k.Nota
Unclear if backtesting the posited top of W which has numerous possible necklines or if need backtest the huge wedge, which projects up to $58k. In any case, I no longer think there will be a drop below $48k again.Nota
BTCSHORTS headed back down again. Is it headed to a lower low or just a flag before heading higher?
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
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.