Updated

Situation not good !

We got another new Low and BTC needs to break out the down trend line to engage for ATH. I am hedging the position with a margin ETHBTC on another related idea so far. Time is running out !

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Break out points so far:

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We are on the right track, just crossing the MA :

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Some fake news bring another dip with even lower levels, with more money changing hands a very good ATH is probable. I have again adjusted the chart with the new targets. We are still on the game, hedging the BTC position by margin trade SHORT on XRPBTC, in another related idea, which increases our BTC holdings by now:

Targets @18656, @24157

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BTC is failing to cross the MA and might go to a another new Low ! We better always have a plan A/B just in case we are on a very bearish scenario to 9k/6k but so far I am not expecting it to go Lower than 12101:

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BTC is fighting the MA on the 3H timeframe:

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With lack of liquidity cause by kraken temporary shutdown and weekend, market is going sideways trying to accumulate more volume, we can see the volume bars are ways below average and as a result BTC is too sideways sit on the 0.236 Fibo and it is not still clear it is going path A or B:

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Got some harmonics on chart in case we do not go lower, it might pickup path A in about 1 day on the 0.382 Fibo heading to 0.618 and 1 which matches a previous top @19171:

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We lost the last harmonic and now we are on undefined fog territory with a triangle looking ascendent so far:

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We are still inside the triangle, if BTC don't break out, it is heading to it's lower bound:

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We break down the triangle and here is the situation right now:

bitcoin

Related publications

Detalhed Map of the WAR !

by bitcoin

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