BTC Possible Max Bear Scenario

Updated

Lots of people seem to be in disbelief, max pain would be to drag out bear mark till the next halving whilst going down to the 2017 top maybe slightly below

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Testing the higher low structure now. If we don't see a strong bounce here 30K area would be the next level of support but do not see it being a strong level

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Even with all the chaos we found some support at 30K, still think its most probably weak support. Could get a bounce to the 35k area and fill the CME gap before returning down below 29K and taking out any stops there

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Didn't get the bonce I though we would but pushed through 30K and swept the jun 21 lows as suspected. If we can close the daily above 29k I think we get a decent bonce from here.

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Still looking for a push up to close the CME gap and maybe slightly higher

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Hard to tell if we bounce to close the CME gap or have one more push down then bounce. Leaning towards a push down first

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Ended up getting the push down first. Looking for some strength around 23k but we could have more down side

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Was no strength at 23K but seem to have found some support at 1.318 (18K), still looking weak though. 14k could be next. Did not think we would drop to these level this quick but has been a lot of forced selling.

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As expected mostly side ways price action. Looks to a failed break out. Looking for a sweep of the lows and reclaim to get short term bullish.

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Finally got the break down, still looking for at least a sweep of 18600 low and reclaim. if we cannot reclaim 13500-14500 seems like the next level

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Got the sweep of 18600 and reclaim now at 35000 looking for one more push up to 38000 maybe 42000 before possible down trend towards 30000

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Extended pass my targets, 30000 is probably a extreme pull which i don't see happening. could see 35000 and bounce. Seeing some strength could run 40000 low and run

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Had the run of the lows and bounce but looking weak so far. still looking for downside but if get above 41800 would start looking good again

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Bitcoin looking good out of the bounce but been cautious, would need to see if break high and hold. If break and quickly return below 72000 that would be bad

BLRK102

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