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Last day's closed price is under the horizontal neck-line. A new downtrend had established. Long position have to stop loss. And wait for an new opportunity to short it. Today's candle is also important, if it have a relatively longer body and increased volume, That will verify the new born downtrend. or else, a temporary stop and retest action will come up.

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The background here is that under a large scale supply area, volume (both the demand and supply) decreased to a very low level. The last two week's candles had proved that the supply just decreased. I am expecting a breakup this week, but it will most likely failed. I think it is better wait here and don't buy or sell until the demand or supply is fully in charge.

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In day-time chart, price had tried to breakup a small trading area, but failed. The closed price of this day is important, it has 50% possibility to breakdown a potential triangle area.But in week chart, it implies a price up. So, it is a little conflicted. I think we should wait here for a real breakup or breakdown with an increased volume and long candle body.

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After so long time, the price here is still in a oscillating trend. I am waiting for more signals to prove which side is strong.

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In week chart, We got a gravestone doji candle with increased volume. That's a warning of supply pressure and means price reverse. It increased the risk to buy and hold long position. But i need more evidence to prove it. After all, there are three doji candles, one gravestone doji is nothing special, and it just created a higher high price,it is also a good...

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I am expecting the price fall back to buy in.

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A potential Double-Top Pattern is on the way. But i don't think it will become a reality, it can be treated as a warning.

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In weak chart and day chart , there are both Symmetrical triangle pattern. it seems that a sideways correction of Wave(C) is on the way. I am expecting it will stop at 0.5Fib of the nearest motive wave. So,i can buy in there.

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The present price move may be a Wave(b) of a sideways correction. I am expecting a wave(c) to buy in.

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It seems that the first motive wave of Bitcoin had ended. In a short term optimistic view, there will be a corrective move and then continue to price up. OR, it was the end of a long-term bear market rally.

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If the price break out a potential Head-shoulder bottom pattern's neck line, it will be a good opportunity to buy after the price retest the neck line.

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I am waiting for an opportunity to buy. It seems that the bitcoin is on a sidways correction process after a motive wave.

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I hold an idea that a flag of uptrend is on the way to breakout. It is a good opportunity to trade here with low loss.

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It seems that an impulse wave had ended and the corrective wave come up. The supply is in low level and the demand is still in control. So, the previous fourth wave is a good area to buy. Of course, stop loss must keep in mind.

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Motive Wave after V Bottom ? OR Zigzag Wave (B) ? I don't think bitcoin is in a bull market of Motive Wave in Month chart. One possible structure is that it is still in a charp correction of Bear Market Wave(A). The correction process may end three months later, and then Wave(C) will finally come up.

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Pice of bitcoin runs up quickly, and is close to the top of wave(2) The hypothetical diagonal wave may be wrong if the price break out of the top of wave(2).

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Average Supply Lever in this fall back is 150K, it is increasing, and 1.5 times more than last fall back. Average Demand Lever is nearly the same, the market need two times more demand to reverse the supply trend. The chg% of this week is less than 10%, that's a day trend scale, it is a weak signal of Support Line. I am expecting a sharp drop next week.

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In the diagonal wave, the regular fallback portion is 0.618Fib, so we short it here. And there is a downtrend line to set set stop loss price. We expecte that there will be a impulse wave of down trend.