[Heads up] Possible further dip ahead.

Bitcoin price trajectory fitted almost perfectly the scenario presented on june 18th (W analysis) so far.

Now, nearing "endgame" and with price approaching the upper bound of the falling wedge, we can see some scrambling already.
Short term, we've plenty of concerning factors:

• Rising wedge (D)
  
• Ongoing bearish divergence (D)
  
• Rising wedge as well on RSI (D)
  
• Stoch RSI overbought already (W)
  
• Volume flattening (W)
  

We'd better not ignore all the above as it may hint a short term pullback.
Possibly down to the 21k range, first place.
So let's use some caution and closely watch that rising wedge on both candlestick and RSI charts.

The above scenario would be invalidated in case of breakout of the 28k to 29k range (breakout of MA20/W, Par SAR reversal).

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Longer term (W) scenario still unchanged, so far.
We're still looking forward to:

1) A Blue Dot signal from Hash Ribbons.
2) A break-up of MA20/W, hinting a switch in the trend.
3) A Parabolic SAR reversal on W, as a confirmation.

Curently on vacation, will comment more whenever possible.

Comment:

Dip started, careful now.

Zoom:

Comment:

Down close to the 23k mark already.
Let's see.

Comment:

21k range reached, unsurprisingly.

Comment:

At support, here we go.

I'd expect a bounce along weekend.
Let's see.

Comment:

Blue Dot on hash ribbons

1 gone, 2 remaining ...

Comment:

That's a textbook correction.
At short term support.

Likely THE dip, still unfolding.

Any further drop may be a pretty good medium term buying opportunity.

Comment:

Ok, i think it may suffice for now.

Closing.