UnknownUnicorn591517

UnknownUnicorn591517 Updated 

Just a bit of observation and speculation based on volume declines and spikes + upper wicks, support and resistance and Gann. The Gann fan resistance of 8/1 from the Dec 17 high to Dec 18 low got rejected; a nice triangle would form at around 4400 of the 8/1 from Dec 18 low to June 19 high. This 4200-4400 area is the same area that saw massive amounts of volume in...

UnknownUnicorn591517 Updated 

Could the wick be selling pressure? Will the decline in volume not be bought back up? Will the rising wedge and bearish price action play out or break-out above as often happens in BTC bull markets...

UnknownUnicorn591517 Updated 

What can we expect? A predictable bounce on major trend line, 0.786 and top of support zone? A fake out below major trend line and retest of support zone? Ping the the higher low E on the chart.

UnknownUnicorn591517 Updated 

Just an experiment with Fibs, EW, Supply Zones and Volume.

UnknownUnicorn591517

Triangle (likely bear continuation) Monthly and weekly volume favours bear Final week of the month and we're above monthly 50 EMA by a small margin (a correction could close monthly red and bring us below 50 EMA; in turn acting as heavy resistance) Long term short target 3.1-3.2k minimum for supply zone / potential double bottom reversal and monthly 50 SMA...

UnknownUnicorn591517

Stop kidding yourselves, we haven't bottomed. Set aside your bias and look for clear evidence of a long-term correction pattern.