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julia17
Oct 25, 2021 10:53 AM

BLX  Short

Bitcoin Liquid IndexBrave New Coin

Description

Bearish div on small declining volume with new high makes me think BTC just has completed extended wave 3 of the cycle, so wave 4 ahead. Possible double top pattern hints on possible zone for correction, which coincides with 0.786 extension of wave 3 and near 50 ma. Look at previous corrections, the all touched 50 ma.

We have a week before monthly candle close, so sharp rejection from current zone will confirm this scenario.
Just from my experience new highs, not being confirmed with volume and even with bearish divergence, never has ended well.

Comment

Comment

BTC in triangle with critical zone - 57000, target of 1st impulse - 44300 near 200 ma on daily.

Comment

funding is 0.0505, nice for move start

Order cancelled

Comments
mannymkay
great info. looks like the next 7 days are crucial.
julia17
Real fight for monthly close
suvny21
well done!
supremetrejdr
So your thinking is, this will be the last chance last opportunity to buy BTC.
julia17
@supremetrejdr, yes, 12000-14000 is the last chance zone. Wave 1 - is the largest one, so w 4 can't be deeper.
supremetrejdr
@julia17, you could be right. I still believe in my 4 digit target around 8-9k
julia17
@supremetrejdr, let's see, all possible on this market.
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