So my previous analysis i was expecting a bounce for the strong support at 243-245 but we dropper further , i replied until break of 230 i will not enter any newer trade, as i close my short from 280 , after break fo 230 , i didnt have time to short to 215 got mme ina different time zone. I drow the posible targets, with the oen we bounced been one of them.
hopefully this does not happen
TRying to reenter again , if we fail a will drop will come
i remenber this bearish fractal from the past i think is happening in eth and btc
quick quest I think both are forming a rising triangle
it normally happens in the history of btc and eth, Golden cross, do tend to lower the price to later rise the price. inverse happens with death cross the tend to do a temporally raise o later fall much harder.
if 195 breaks, we should be moving to other levels. I have a feeling we could be in the top of this move
rsi in weekly above 55, bull signal 9600 big resitence for btc in the weekly 200MA broke , so if we cross 9600 , we will have a good bull run and not a bull trap
looking left we are at a support and testing the channel we broke.
we broke the falling wedge and were rejected by the 200MA, and we are going to retest the falling wedge as a resistance and the 50MA.
the similarities are to take in account
option A or option B, but i think we are close to a temporary bottom.
we can take time to get there , but i think 100 dollar is a good are to revert.
bounce for the previous resistence that is know support