bitcoin showing weakness, towards the 7000

The double bottom i predicted in the last chart came out perfectly, i only missed my my entry point because i thought it would go up higher towards the 10.000 It did not make it to these levels, confirming how weak this market is still is. Since it did not make a real bounce from the dobbe bottom level and droppen back again to the lows, it's almost 80% sure it will drop even more. My guess is it will get close to the 7000. Maybe from that level we could see a bounce.
I might not be able to update this on time, so good luck

Komen:

This is the Bitstamp chart, because my bitfinex chart is full with lines

Komen:

i dont even need to look, but am almost sure indicators will show positive divergence at that green level

Komen:

It will probably drop much further

Komen:

Probably gonna see another failed H&S, so we could drop to the low again

Komen:

Komen:

Looks like it wants to break out upwards after all, 7500 is a big resistance! If it gets above that level, than it could go up further

Komen:

Should bounce up here, otherwise a false breakout

Komen:

Probably see 6800, from there it could still find support and bounce.

Komen:

And there it is :)

Komen:

Gonna turn long now

Komen:

Red area is the first resistance level it has to break, otherwise it will drop even more. I have moved my stop around the low.

Komen:

Wrong one

Komen:

This aint no bounce anymore, not looking good!

Komen:

So far it's just making a bearish flag, it has to break the red area, than it could accelerate up

Komen:

I am getting out, 150 points profit, it just cant push through

Komen:

Taking to long, to much doubt!

Komen:

It could still go, but i am not taking the chances. I entered the trade thinking it would make a bounce, not necessarily a big one, but this is taking to long (for me). I see bearish flags, wich means mixed signals for me. Have a nice profit still, so thats the reason i close

Komen:

The test, red area

Komen:

I am back in at 7025

Komen:

long, close stop

Komen:

I have closed with 100 point loss. It's really dramatic!! There is just nothing anymore, nothing! Only big rallys are short covering, the one i called a few days ago and the same happened today. This is really bad guys, really bad.

Komen:

Komen:

Target for this drop is probably around 6300, i am really curious what happens IF it gets there

Komen:

Possibility

Komen:

Komen:

i think we are closing to a small spike up

Komen:

Target of 6300 is reached

Komen:

We could see a 100 point drop below this support long it's hanging on, and than make a big move up. I am long nog at 6280, small position !

Komen:

I think spoofy just closed his short position again, 400 BTC at 6228

Komen:

Komen:

I have added a few at 6115, just think a squeeze is coming. Stop around 6000.

Komen:

Stop at average entry level now

Komen:

Amazing, just no follow through, will probably drop from here, doesnt even have the strength to complete the bull flag of this squeeze. It aint over yet :)

Just to be clear, even though i called this squeeze, i did not actually create it :) LOL

Komen:

i am closing around 6600/6800, if it gets there ofcourse

Komen:

I am out, thank you :)

Komen:

I am short at 7150 now

Komen:

This rally could be stronger than the previous ones, i have lowered my stop to 7250 now, and will use a trailing stop of about 100 points

Komen:

I am out around 6900, stop is a stop. i think i am done for today. it could drop to the low 6000 and go up again, or from around these levels. No clear signals for me now

Komen:

H&S in the making, should stay above the green area for short term uptrend to stay strong

Komen:

I am done for know, good luck trading :)

Komen:

So it went up as i expected, but again showing weakness. Made a nice H&S, but it could not even stay above the neckline. It also fell out of the upwards trend. 6800 should be the max to still be short term bullish

Komen:

First ones are in at 7400

Komen:

I am building up in small portions up to that 7600, with stop around the high of today

Komen:

So that was a clear wrong bet :). To be honoust guys, i got influenced a bit. Anyway, i had a target of around 8500 in my head, The H&S target, when it dropped below the nekline again around 7400 i thought the market was just to weak to reach it's target. It has done this a few times more the last few months. At the 17.200 bull trap it did the same, it had a clear target of 17.500 but the market not chose no to and dropped from 17200 to the 13K's. Anyway, Bitcoin is making a rising wedge again, the same as it did around the 9500 top a few days ago. That target was also higher (that's why i completely missed a big part of that drop (because i also took a day off and it did not reach my entry points). For now i am doing the same, I have started to open short positions at 8100 and up to 8500. Small portions of a small total position! One can always add when it goes in your direction and shows some confirmation

Komen:

It broke out the rising wedge, i have my short position in with at al the points i wanted. I have i wide stop now, around 9K, the size of my position is adjusted to this.
Not a big thing yet, but for the first time in a few weeks i think, Bitfinex BTC price is lower than the others! only 100 points now, so nothing big, but we all know how it was the last month or so.

Komen:

New chart posted