BTC guess for the next two weeks

As charted, double top

Don't think .618 retracement will be reached at either stops

Note

fak, crashed earlier than I thought. Need to wait for a possible bounce and/or breakdown of 50D MA to enter a short position

Note

one possible play if we don't breakdown

(after E, crash)

Note

good pump, possibly will go above 8750

Note

Market is always somewhat unpredictable.

Thought last night after 8850 would go down, but didn't. I guess they really want to tap some bulls drop into this

Note

almost looks like bull market again

Note

was this a buy or sell?

Note

will we close below 50D MA?

Note

bitcoin failed to close below 50D

may have some bullish attempts; seems like the market is not decidedly bearish

Note

not comfortable with shorting now, even though it looks like it's going to drop immediately

I have a strange feeling that a real bull trap is in play:

close below 50D
fomo short (fishes)
pump to resistance
crazy short (whales)

Note

Indeed closed below 50d. Could bull trap soon

DrJLT

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Related publications

Bitcoin EW guess (not analysis)

by DrJLT

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DrJLT

Also on:

Related publications

Bitcoin EW guess (not analysis)

by DrJLT