My almost positive idea on bitcoin now is negative after momentum decrees and sharp and noisy price reactions (in the viewpoint of market geometry)
I expect bitcoin to break the 9K lvl and see the 8300 and 6900 targets.
We seat on a TL right now and I expect a bottom. this bottom may cause a bullish move till 11800 and then powerful bear moves.
It doesn't have a good situation and we are sat on a TL right now (4H).
I expect to break the bottom.
Only buy if it reaches the 6000 zone or after a confirmed break above 8000.
If 6000 support gets broken and price reaches to 5000 we need to analyze it again but mostly I expect an impulse bullish move
Stop loss 6000
TLs: 12 Aug - 14...
soon or late I expect a sharp bear wave, but now in the 1H timeframe it's preparing to break the 2670 and it can easily reach to 2800. The maximum target that I'm waiting for is the yellow zone in the daily chart.
If it didn't make a bear wave and tried to break the top (3950) I expect 4700 and 6200 get achieved easily. (We have a powerful buy signal if we see a...