BitcoinShort
Bitcoin Mini Crown Reversal?
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Is this a mini crown reversal we see on the 30MIN chart data? We might have an overall short maneuver, with counter-cyclical long entries.
1. Short Entry: Between $4250 to $3859
2. Long Entry: Between $3859 to $4313
3. Short Entry: Between $4313 to $3772
This idea is invalidated with a breakout and close above $4697
1. Short Entry: Between $4250 to $3859
2. Long Entry: Between $3859 to $4313
3. Short Entry: Between $4313 to $3772
This idea is invalidated with a breakout and close above $4697
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Some adjustments have to be made. I have left the fibo tools on the chart so you can replicate if you want.Anmerkung
Shorting below $4205 would be a nice idea :)Anmerkung
ALso, it could still make a bullish comeback and test the shorting box again. But I think since we breached the bottom rising wedge line its getting sucked to the downside.Anmerkung
Technically we could also see such a pattern. You could also short from resistance, and stop loss just above that :) = $4333Anmerkung
Fibo support is broken!Anmerkung
There is a sub-sub-fibo support at $4105 and the downtrend line, which should be watched. We have to shift all the entry boxes to the right as time goes on. $3912 will be the next big level to watch when we get down there.Anmerkung
OK! We double bottomed off the big downtrend line, broke the small downtrend line formed by the reversal, and came back through fibo resistance. I sense a mini bull trap ahead! :)Green zones should be watched. If you have shorts open in alts it might be a good idea to close them, and watch if the downtrend lines get breached or if things stall within the channel and then reopen them.
The entire crypto market is lacking some kind of catalyst to get things going....hmmmm
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Sorry, this is messy. But here's what I'm seeing:Anmerkung
Sit. rep.:Anmerkung
In the short box area... A decision has to be made.
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