Bitcoin
Updated

BTC took the bearish path. Post-dump analysis.

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Continuing from:
BTCUSD 7Mar20: Bullish/Bearish Scenarios
Note
Since mentioned in the previous published analysis, my CYBER ENSEMBLE script still have not registered a "BUY" yet.
snapshot

Need to wait for a technical confirmation (CYBER ENSEMBLE), then *followed by* a momentum confirmation (i.e. PRISM Signals, and PRISM oscillators), before I'd re-enter the market after being stopped-out of my entire holding at 8700 USD.
Note
Descending widening wedge. Swing trading opportunity in the short to mid term, and waiting for breakout of the wedge into the longer-term.
Note
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BUY signal on CYBER ENSEMBLE is triggered.
snapshot
Note
snapshot
Note
{Chart Above} Massive bullish Inverse Head and Shoulder pattern setting up?
Target @ 15kUSD from current 7.5k USD = 100% gain.
But price needs to at least retrace back to 9.5k USD first, and then to take another look at the market structure from there.
Note
Very weak bounce. Cyber Ensemble and PRISM Signals both signaled "sell" again.
Revisiting 7500 USD?
snapshot
Note
Possibly going sideways for now..
Trade closed: stop reached
BTC broken below 7478 USD
Stopped out. Patiently and cautiously waiting for good point for re-entry now.

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