Matderkater.

Matderkater.

Short Trade Location has hit. Bitcoin came here direct, with no meaningful retrace on bounce, and no test of bottom. V-Bottoms are not 'secure'. It sooner or later will be tested, and this AB=CD trade suggests it will be breached, and Bitcoin will hit Monster Support shown at Green Dashed Line,

Matderkater.

Major resistance is currently at ~$410. I would be astounded if that support is taken out anytime soon, or at least before testing the bottom. I suspect something like a test of 'the bottom', a breach of the 38.2$ retrace, but a fail around $410, a test and fail of the 'the bottom', and fall into the Monster Support zone around $310-$320 (the highs right...

Matderkater.

Price making it's way up into Short Reload Zone, with Bearish Divergence showing between price action and MACD. Williams %R is also pretty maxed, although not stupid maxed. Awaiting bearish candle formation.

Matderkater.

Potential break out of ascending triangle. I expect a bit more testing/faking out of the trend line, with the actual 61.8% retrace on Kraken being at €303. Targeting the 38.2% resistance zone, from the €455 - €277 correction. Note values in €uros, not dollar$