BitcoinShort
BTC Update Daily TF Sept 19
BTC failed to get back above the 21 & 9SMA since it was rejected from the LT downward sloping trendline & BF channel on Sept 13.
Things to note:
- Rejection @ downward sloping trendline formed from Nov ATH
- Inability to break back into & close above BF support
- 100 death cross below 50SMA
- WATCH HERE! 9 looking to cross BEARISH below 21SMA
- Re-test July liquidity zone, held so far
- Re-test July liquidity zone, held so far
- Re-test of June low, coming up next?
My LT thesis is still on track to becoming a reality. Bear flag targets are posted in earlier work & in Disc.
IF/once we break the June low, I will be focusing on the BF targets & downside liquidity zones.
Things to note:
- Rejection @ downward sloping trendline formed from Nov ATH
- Inability to break back into & close above BF support
- 100 death cross below 50SMA
- WATCH HERE! 9 looking to cross BEARISH below 21SMA
- Re-test July liquidity zone, held so far
- Re-test July liquidity zone, held so far
- Re-test of June low, coming up next?
My LT thesis is still on track to becoming a reality. Bear flag targets are posted in earlier work & in Disc.
IF/once we break the June low, I will be focusing on the BF targets & downside liquidity zones.
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