"A man who desires revenge should dig two graves"
Back at September 10th we were optimistic about BTCUSD as it shown some volume , force, fractals and an Elliott counting that indicated a possible bullish reversal with higher lows since June 29.
As trend-based fib-extensions shown on previous TA, BTC price bounced a lot on 0.382 range on the last 3 bullish rally's and we concluded that this would be tested once again near 6780. Well it did tested, but could not break up.
The scenario became grim as the dim light revealed to be a trap of an abyss predator by September 22th. And the trend-based fib-extensions by the reason of 3 marked not a rally to 10k, but a dive into 4k monster belly.
As trend-based fib-extensions shown, 0.382 range have its importance on this bear market. That can also be seen by current POC. Also the reason of 3
from previous legs corroborate an ending diagonal.
Thanks for your attention, please comment.
Back at September 10th we were optimistic about BTCUSD as it shown some volume , force, fractals and an Elliott counting that indicated a possible bullish reversal with higher lows since June 29.
As trend-based fib-extensions shown on previous TA, BTC price bounced a lot on 0.382 range on the last 3 bullish rally's and we concluded that this would be tested once again near 6780. Well it did tested, but could not break up.
The scenario became grim as the dim light revealed to be a trap of an abyss predator by September 22th. And the trend-based fib-extensions by the reason of 3 marked not a rally to 10k, but a dive into 4k monster belly.
As trend-based fib-extensions shown, 0.382 range have its importance on this bear market. That can also be seen by current POC. Also the reason of 3
from previous legs corroborate an ending diagonal.
Thanks for your attention, please comment.
Trade closed: stop reached:
It broke down 10% below of the ending range.
