180829 Everything is pointing $7.3K

It was a boring sideway market for a while.
I am a quite lazy person who cannot post everyday in eng public forum in my summer vacation period :D


Anyway, back to the chart, I think most likely we got rejected really hard at $7,280~$7,350 (and put some short order at that level)

I managed to hold in the channel, but 4hr chart RSI implies we are going down to hell after one more little wave up.

I don`t want to show you EW counting on current situation, cuz actually it is useless in current spot.
I would rather use ABCD pattern + R3 in pivot point + next resis level

On the long term view, It might go to the long term trend line(red one) around 20% ish?
But, even if we got there, it most likely go down also...

Let`s see in bigger frame


There are 2 EW counting

#1. (most bearish people think)

This counting shows correction is finally END!! in $4.8~$4.9K




#2.(Devil`s scenario)

However, If I were whales who want to get CHEAPEST btc, I really try to make this,

In this case, next stop might be just below $5K and will not go lower than $4,850
If we break down $4.850, this blue counting will be invalidated

I keep contending #2 scenario.
The reason is very simple:
These whales are merciless, cruel, and want to kick out 95% individuals

If you want to make money, you have to think like a devil :D

Comment:

It managed to hold B point in ABCD pattern ($6,900)
Therefore, it is more likely to go up till at least $7,180+
(My order is still $7,270~$7,310 though)

Comment:

time to go up

Comment:

I will short at 7,300 or 7,500