PabloArturo

PabloArturo

Dragonfly Doji on the daily cannot be ignored. And if BTC breaks out of the outer side of the pitchfork it usually signs a reversal. However, I still feel like the RSI needs to cool off a little bit more before it can retest 60 again. It will simply not be enough to break this RSI resistance that has been established for a very long time. We need to go down more...

PabloArturo

Bear case

PabloArturo

BTC update with RSI TA

PabloArturo

BTC Bearish count

PabloArturo

Updated Count. Chart says enough. We have been going higher but we are losing strength in the market.

PabloArturo

Bounced from the 0.5 FIB. If we move past 6600 count is on.

PabloArturo

I see 5 waves up and now a correction, if we hold the 0.618 fib level then we could see a 3rd wave to 6800, and then 5th wave to 7k . I expect to fail 7k and then a downtrend till 5.9k If we break 6.580 bullish bias is confirmed until 6800.

PabloArturo

8H

PabloArturo

Former support when broken, becomes resistance. Gold/yellow lines are resistance.

PabloArturo

Bullish count

PabloArturo

If we break 7200 we are going to 6700-6800. If we bounce from 7200 we are going to 7700-7800.

PabloArturo

-

PabloArturo

This is a possible play, mind you that if we break 7.200 we are going to 6.7k-6.5k.

PabloArturo

But if we break 7.200 we will go down to 6k levels

PabloArturo

Other possible wave count for BTC

PabloArturo

Waiting for B to finish at .236 fib level