BTC- ETH: Returning to Previous July 2 Manipulated Inverted HS

Many of you were NOT happy with my support of the TA that indicated prices would fall further and lower.

I was SUPPORTING the respected TA of my favorite authors.

This goes to show that TA is not perfect, EW is not perfect, Wykoff is not perfect, Fundamentals can be off
Manipulation overrides everything.. all logic and all sensible analysis.

What is happening on the price charts should NOT be happening... but yet.. it is.

So I went back to my previous chart I did on July 2nd and redrew a newer version.

This might make some of you happy.

(My flight was delayed and I had time to kill, so this is my gift to my followers)

Will this map HOLD?

I think it will start to deviate (as in the left side matching the right side) where I have posted the ?

However.. if we get THAT far.. this is a great chance a recovery will happen.

FOMO will take over and a new run to 10k will begin.

Comment:

I am back from my trip.

Here is what I now see playing out

The inverted HS pattern is still holding. Even my older inverted HS chart, when I still press PLAY.. the price is writing to the shape of the patterns (except timing is off, but it always is anyway)

Some theories on the manipulated push upward.

Whales wanted ALT coins to rise. Then upon rising, they could sell their alts at a profit. So... they pushed Bitcoins price to try to make that happen. But ALT coins did not quite follow the same way. So THIS failed.

In defense of a real bull run to form an inverted HS. If you look at the LEFT SIDE prices, they start skewing DOWN ward with two low pivots that reach 7200 and 7000. And if we HIT these and the 'pattern' on the right still resembles the 'pattern' on the left.. then that's a mirror match. It's not bad.

For now, we need to hold at Bitcons 7350. If we fall below that support, then we will see another tug of war between bears and bulls at lower prices.

Comment:

Here is a date for everyone to MARK ON THEIR CALENDER .. Aug 16th.

On that day the SEC supposedly will approve or reject CBoE's ETF program. If it gets approved, I speculate that BItcoin will have a huge rise in price.

ambcrypto.com/bitcoi...t-sec-approved-file/

Update on price movement..

One of my favorite analysts is forecasting that if we rise above 7450, then we will see a price climb to the next levels (resistance lines) If it fails then we will see a price correction downward.

For short term day traders, as you know... these dips and rises are opportunities.