JerBear77

JerBear77 Updated 

Rejected resistance and will likely come back to the 2700 level through possibly Monday morning. Already broken the support line of the rising channel. Watch for the bottom and get in a long with a tight stop just in case it actually breaks to the 2500 range where the VPOC is. Both will be great buy spots and we can expect another retest of 2700 as traders sell...

JerBear77 Updated 

Rejected resistance and will likely come back to the 2700 level through possibly Monday morning. Already broken the support line of the rising channel. Watch for the bottom and get in a long with a tight stop just in case it actually breaks to the 2500 range where the VPOC is. Both will be great buy spots and we can expect another retest of 2700 as traders sell...

JerBear77

If we take a look at the VPOC here and see hoe long we accumulated along the 1.01 -1.02 line and the moves up we got in return, e.g, the high on Aug 1 and the two double tops on Aug 4 after 30 hours of accumulation again on that level which was a much lower high than the peak, I think it's safe to say we likely need to dip lower to find more fuel to push. OR...

JerBear77

In my last idea I said that we would drop from the top of that trendline to bounce off the bottom at least for another retest, but we broke through, retested the bottom trendline as resistance and hard rejected. Now we are flopping around like a fish out of water along this POC. At this point I'm stumped, not like I'm a BTC price action genius anyway, but still. I...

JerBear77

One the 1 hr we can see it would likely make most sense for BTC to come back to retest the POC which would likely fall on the support trendline that creates the bottom of the flag. We have stalling volume and profit taking and the daily candle is finally showing red so far. . On the 15 minute we are trading under the lower timeframe EMAS and testing the 50. BTS...

JerBear77

Long story short, The path forward and upward is going to be a tough and what I feel will be a long one without long term retail investors coming back to the game. Let's go over some TA though... - July 20th's rally still couldn't push it high enough to even touch the long standing RSI bear trend. If you zoom into the RSI indicator you would see it was close...

JerBear77

Just a path prediction short term based on trend lines, supply zone levels and fibs.

JerBear77

Dont fight it.

JerBear77

Tell me what yall think of this and and anything that doesnt make sense etc., new and trying to learn. IMO looks like it will break down to the .618 however as you can see i ahve 2 fib drawings, not sure which would be the best one to use.