Entry Short: 4034
SL: 4046.1
TP: 3766.5
RR: 1:22
QML Invalid if price break through 4101 mark
4034 price its right on 0.618 fibo and major SSR
it may fill the gap on 15min TF to 3766.5 before pushing up again
BTCUSDTPERP
-BEAR FLAG BREAKOUT AND RETEST DONE-
RR 1:5.7 GOOD RATIO
ENTRY ( dont go all in yet )
1. 29.414
2. 29.849
3. 30.541
SL: 31.027 ( 5.51% from 1st entry )
TP:
1. 27.700
2. 26.000
3. 22.500
4. 20.000 ( 31% from 1st entry )
1. Best Scenario = Green line:
-bounce back from 41K-40K
-continue its 5th line on the Rising Wedge
-form new ATH, before it end this Bullrun cycle for good.
2. Most likely scenario = Yellow line
-bounce back from 41K-40K
-held by 51K resistance, and dump back to 40k and finally forms the right shoulder
-continues dump to 30K support
3. Worst case scenario = Red...
Personally, I think that this is not the end of this Bull Run
We are still on the wave 4 of this Rising Wedge on BTC daily
For me 42K-40K is the bottom and its gonna be bloody for retail, because there gonna be fakeout and SL hunter by the whales, before it pump like crazy.
Its gonna break new ATH mid to end of 2022, before its gonna end this Bull Run for good...
Bearish flag finally broken.
if 48K support will held, it will be back in uptrend channel (former bear flag)
if 48K goes through, well 42K is next with 45.5K minor support area.
Will it bounce back from 42K back to 48K, then formed HnS and end this Bull Run for good?
Only time will tell.
Trade wisely, dont forget Stop Loss guys!
But honestly BTC will survive...
Base on Elliott's theory, right now we are on correction phase B, the question is how deep is correction wave C gonna be ?
I dont think we can reach new ATH on this december or even this Bull Cycle.
Invest wisely brother, dont put your eggs in one basket.
Feel free to post your opinion on the comment section!
So after breaking new ATH recently, IDX currently has formed Rising wedge which means it gonna dip for a while.
The nearest support is 6500 area, if it bounce from here we can be sure that IDX will reach new ATH on January 2022
during Window Dressing, Santa Claus rally, and January Effect.
But it can broke down to 6375 level or even 6150 level.
As long as 50 EMA...
After it formed Head and Shoulder on 4H timeframe, 50 and 200 EMA already at death cross, and it dipped below trendline and recently began to retrace back to trendline.
Open SHORT: 195-200
TP: 140 (next strong support)
SL: 215
Just wait until BTC end its consolidation and move to 52K level
So BTC cant form a double bottom, at it got rejected on 58K resistance and 50 EMA at the end of descending triangle.
so will it be finally break through 55K support and headed to 53K next?
So recently on 4H timeframe it formed descending triangle and double bottom (not confirmed) on around 55K support. and also death cross though.
Which direction do you think BTC will go in end of November?
