Short

Updated

Another fakeout up. Bonk is going down

Bonk still going down for around 0.2 levels. Clear channel down. Fake moves around it but always getting back inside... Hunting stoplosses from both sides and rekting bulls and bears. Don't get trapped

Trade active

Diamond top forming

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We're gonna bonk here

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Descending triangle as a continuation down very likely

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Idea playing out as expected so far. Here is some update for waves we may encounter

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V wave of big (3) going down

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My wave count above wasnt right. After last night bounce I think there will be retest od 2800 levels before going further down. This is not trading advice just drunk trader idea. Good luck

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We need to smash 2500 to go up. Rejection at this level would resume downtrend to another wave down and possibly new low

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I dont think 2500 will hold. In that case here is what could happen

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We're in da chop zone right now. Levels 2500-2600 are strong resistance as we're bouncing from the ceiling over and over again. I still believe we're heading further down which may start tomorrow maybe but if btc goes up much this could break up too so watch btc too and stay safe

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Lookin droppy

Trade closed: target reached

If bonk bottoms around here and fall down not much further then there is chance for big bounce

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Need one more dip. Not sure where it's gonna be but 0.2-0.21 is possible. Lower I'm not sure but I think not for now

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Huge faekout down and we are going up. Back above my trendline again on daily. Bonk closing daily like this and we likely see 5k next

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5k need to wait because Bonk is still bottoming and doesnt look too bullish to me yet. Low levels retests still expected

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Im still bear if we won't go much higher here. If thats the case I'm thinking this but its pure speculation from what I've been seeing in the past

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If price can hold 1200 levels bounce like this is expected

DeadSerious

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DeadSerious