Auf geht's
Bitcoin
Short

BTC - Short opened, updated chart

Von dewpoint
Aktualisiert
Short just opened, see chart, all info on chart as well.
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Stop now moved to break even point.
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Corrective move appears to be still ongoing.

I'm looking for price to run out of steam at the 6583.53, at that level i may add to my short position, should it push higher, we'll, my stop is in place. I can always look to renter my short position at a higher level.
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Updated chart

uk.tradingview.com/chart/qOCImni8/
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Updated, to show included arrow re going lower from current level

uk.tradingview.com/chart/qOCImni8/
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It may push slightly higher than the 6640 level, and at that point reverse, i've adjusted my stop loss a bit higher and above the 6990 level, will manually monitor price movement over the next few hours. Gold looks ready to make its correction top, and both gold and btc may then head back down in tandem.
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The downwards thrust appears to be underway, initial target down at the 4,500 level then we should have a breather and return back to say 5,000 zone, then hopefully complete this downwards leg move to approx. the 3,800 area.
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Looks like the 1st leg down is complete, pullback underway towards the 6500 zone, i'll be adding to my shorts at this level for the next leg down.
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Looks like a,b,c move slightly higher, before heading lower, see updated chart link below

tradingview.com/chart/qOCImni8/
Anmerkung
The short term downwards move appears to be complete, and short term upwards movement has begun. It all depends now if price travels the full distance of C=A, and from that level, as shown on chart, then i expect price to make a swift move back down.

tradingview.com/chart/qOCImni8/
Chart PatternsTechnical IndicatorsWave Analysis
dewpoint

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