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Waiting for BTC Short - price for the bounce

What is the price for that hard drop to be followed by a bounce?
Im posting up the prices from a historical perspective.

Since it happens very quickly, one must put the buy price in before it happens and then sell at the bounce top for a quick short.

Good luck

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Zoom in image

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Have you noticed the higher lows and lower highs since August this year. Hence the bottom is getting higher. Potentially the next low is around 6320

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In both cases, RSI shows overbought conditions.

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Fib 0.618 acting main resistance. Rejected once at 6535 and it went down to 6325, it is important to see if it a) gets rejected again and how low it drops b) if it breaks through, how the follow up (volume) looks like. Its a waiting game at this point.

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Possibly another perspective

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My hypothesis using Fib. and wedge and H&S indicators

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Observing higher lows in the 4 hrly

Order cancelled

At the last price hike I see it as market manipulation at this point. My theory >
As many of us expect the price to drop and have another bottom, we mostly hold back buying. Those who are patient wait.
The bears, who's job is to entice and then sell, for that handsome reward.
The way I see at this point, it is a physiological game and sure I can be wrong.
Those who fear of missing out (FOMO) will jump it as they see the price run away and when there is enough of them in the queue buying or trading, the bears will hit. Otherwise how are the bears going to gain more when the range is already close to the bottom and there is a strong support there waiting.
I will wait to see more data come in before going in, at least a drop to the next support line or fib 0.5 to 0.618 or MA20

ssari

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ssari

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.

Also on: