Bitcoin
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BTC bear/correction scenarios (short term)

Telah dikemas kini
Currently looking like we are in a wave 4.
So thinking one more leg down.
Nota
Forgot to add this note to the chart.
If price passes 618 at 9700 by much, count is invalidated.
But watching for a spike above to raid stops, then down to wave 5.
syot kilat
Nota
Maybe like this:
syot kilat
Nota
Adjusted my first possible buy zone, 9211 - 9251
syot kilat
Nota
Better range 9185 - 9211
syot kilat
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Just noticed the brand new weekly M3 pivot (purple)
9200 looking really really good now.
syot kilat
Nota
Oops typo for the number .
New Pivot is at 9215
Nota
At the moment of truth.
or is it Point of No Return :(
1st small limit buy triggered.
I am stacking them closer to 9200
syot kilat
Nota
Decent bounce but not very convincing... yet.....
syot kilat
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Bounce looking better.
Now I need it to take the GREEN Pill.
syot kilat
Nota
Need to get past 9400 to rule out double bottom attempt
syot kilat
Nota
I am thinking double bottom around 9200
syot kilat
Nota
This still looks like a wave 4 down to me.
But from how it is behaving, I think wave 5 will NOT be much lower.
syot kilat
Nota
Looking good.
Getting past 9400 was crucial.
Now just need to hold it without dropping much below it.
syot kilat
Nota
Looks to me like correct OVA.
Back on the 10.4k Highway!!
syot kilat
Nota
These pull back scalps were part of my bigger plan:
BTC target 10.4-10.6k ?
Nota
Thinking we might see one more test of 9k.
If it holds, momentum might turn around.
If it breaks, look out below.
syot kilat
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Approaching critical price zone
syot kilat
Nota
Looks like rejection where expected.
So maybe wave 4 is done now and wave 5 has begun.
If so, 9k will be tested and that will be the critical moment.
syot kilat
Nota
.
Micro Fib points to double bottom, so maybe we wont go as low as 9k per above:
syot kilat
Nota
Fibs still say possible double bottom above 9k.
BUT and interesting observation of this latest wave playing the .236 note.
syot kilat
Nota
So much for that micro bounce above.
Now the question real bounce or not.
syot kilat

I am not convinced. The lack of any speed bumps to break 9k was a bad sign syot kilat
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The green zone around 9k did pick up a bunch of my limit longs, and an now managing stops. If we get past 9060 and hold, then I will be less concerned.
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BTC bounce at a critical juncture, and the Nikkei just took a little dip. not a good sign.... syot kilat (nikkei and btc have been positively correlated tonight)
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My Fibs are pointing to one more dip, 8850 maybe
syot kilat
Nota
Last Chance for a bounce, maybe this ABC is done, picture perfect if it happens:
syot kilat
Nota
Have found a bottom?
syot kilat
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