Bitcoin (BTC): The Wave Setup

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Nothing is happening in the market: volatility has become extinct and coins' trading fallen out of fashion. Range-bound bots and robotic humans absolutely prosper in this environment. The price was unable to break the 7700 threshold. For me this is a bearish signal. Indicators provide mixed signals, so let's examine wave structure. The move from May 29 is a 3-wave correction within a larger downtrend. A price drop below 7500 would confirm this scenario.
Comment: LTC H&S setup:
Comment: EOS is on the brink:
Comment: Still can't get to 7500. This scenario becomes increasingly viable:
Yeah baby:

I think i'm kinda guessing it so far.
Hit the play button.

"This scenario becomes increasingly viable",meaning still bearish?
some more "wave for thought"

+1 Reply
a brink in which direction xD
Probably, you do not trade bots, otherwise you would know that this is the worst time for them, because of the lack of volatility and liquidity
@Vladlex, This is may be so for retail traders because of high comissions. Otherwise scalping within these ranges is great.
+2 Reply
I agree. The feeling that the market is entering a stage of excessive pessimism.
+2 Reply
SloppySeconds TrueLuckyCoin
@TrueLuckyCoin, And that's beauty to a Bull's ears :)
+3 Reply
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