the structure of BTC recent movement is correction up, so bitcoin still has kept down trend, it means that bottom of 17.6 will be lost definitely...
finding the local hight pivot (yellow circles) to set good short position needs to find the best liquidity which is mostly hide behind clouds flats, so we have some candidates from different time-frame which is shown up with yello lines...
therefore we have 2 possible path for going down, both of them has predicted to happened at a special time because time analysis says that we could probably have reversal pivot on which is shown by vertical pink line. it has created from 26 weeks ago ...
path 1 is more possible because of the red H1 Bermuda ignore level and higher time frame of liquidity
I'll update my analysis for finding the destination of where "DOWN WE GO", so I dont give final bottom target now, untill changing character of market would be seen, if you are curious about my predictions you can find it on my chart a little bit lower ;)
finding the local hight pivot (yellow circles) to set good short position needs to find the best liquidity which is mostly hide behind clouds flats, so we have some candidates from different time-frame which is shown up with yello lines...
therefore we have 2 possible path for going down, both of them has predicted to happened at a special time because time analysis says that we could probably have reversal pivot on which is shown by vertical pink line. it has created from 26 weeks ago ...
path 1 is more possible because of the red H1 Bermuda ignore level and higher time frame of liquidity
I'll update my analysis for finding the destination of where "DOWN WE GO", so I dont give final bottom target now, untill changing character of market would be seen, if you are curious about my predictions you can find it on my chart a little bit lower ;)
Trade closed: target reached:
there was a much stronger level in daily time frame on 25k, cloud and base line untouched flats...
it seems that upward correction has ended ...
there was a much stronger level in daily time frame on 25k, cloud and base line untouched flats...
it seems that upward correction has ended ...
and this is the update of analysis
there is possibility of creating giant daily Bermuda, if such a massive movement keeps going